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H ooker C orporation : A C ase F or C ashflow R eporting ?
Author(s) -
Flanagan Jack,
Whittred Greg
Publication year - 1992
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.1992.tb00130.x
Subject(s) - bankruptcy , corporation , officer , accounting , business , cash flow , annual report , actuarial science , finance , political science , law
This study was prepared from public information as a basis for classroom discussion, rather than to illustrate effective handling or otherwise of an administrative situation. It was suggested by an earlier case analysis of the W.T. Grant bankruptcy in the US by James A. Largay HI and Clyde P. Stickney, which appeared in the Financial Analysts Journal (July/August 1980). In the 1988 annual report of Hooker Corporation, the chief financial officer's review of performance contained the following: “The confidence of major banks with regard to Hooker's strategy is reflected in the large increase in banking lines negotiated during the year, with a number of United States and Canadian banks joining the group as lenders.”