Topic: Evaluate Global Interconnectedness as ItApplies to Accounting
Pages and Word Count: 3 pages (875 words) (No sources needed.)

A.    Pleaseanswer the following questions:

        Distinguish among the three activitiesreported in the statement of cash flows.
(about 100 words)

        What are the sources (inflows) of cashin a statement of cash flows?
(about 50 words)

        What are the uses (outflows) of cash?
(about 50 words)

        Explain sustainable income. Whatrelationship does this concept have to the treatment of discontinued operationson the income statement?
(about 100 words)

        Identify and explain factors that affectquality of earnings.
(about 100 words)

        On January 1, 2022, Bryce Inc. changedfrom the LIFO method of inventory pricing to the FIFO method. Explain how thischange in accounting principle should be treated in the companys financialstatements.
(about 100 words)

B.     ColumbiaSportswear Companys financial statements are presented in Appendix B.

Financial statements of VF Corporation are presented in Appendix C.

        Based on the information contained inthese financial statements, compute free cash flow for each company.

           i.     Columbia Sportswear Company: 177,058 millions

           ii.     VF Corporation: 666,085 millions

        What conclusions concerning themanagement of cash can be drawn from the free cash flow data?
(about 100 words)

C.     Amazon.com,Inc.s financial statements are presented in Appendix D.
Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E.

        Based on the information contained inthese financial statements, compute free cash flow for Amazon at December 31,2016 and Wal-Mart for January 31, 2017.

           i.     Amazon.com, Inc: $9,706 millions

          ii.     Wal-Mart Stores, Inc: $14,695 millions

        What conclusions concerning themanagement of cash can be drawn from free cash flow for each company?
(about 100 words)

D.    Discussbriefly the improvement or lack thereof in the financial position and operatingresults from 2021 to 2022 of Jergan Corporation using the following ratios,profit margin, gross profit rate, asset turnover, earnings per share,price-earnings ratio, payout ratio and debt to assets ratio. (about 125 words)

        Additional Info

Themarket price of Jergans common stock was $7.00, $7.50, and $8.50 for 2020,2021, and 2022, respectively.
You must compute dividends paid. All dividendswere paid in cash.