05 Apr Refer back to the public company you selected earlier in the course.? (If the company does not report investments in the securities of other companies, choose another company.) Comp
Discussion:
Refer back to the public company you selected earlier in the course. (If the company does not report investments in the securities of other companies, choose another company.)
Company is BURLINGTON STORES COMPANY
Required:
Answer the following questions:
A. What is the amount and classification of any investment securities reported in the balance sheet? Are unrealized gains or losses reported in the shareholders’ equity section?
B. Are any investments reported by the equity method?
C. What amounts from these investments are reported in the comparative income statements? Has that income increased or decreased over the years reported?
D. Are any acquisitions or disposals of investments reported in the statement of cash flows?
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