A recent statement of cash flows for Colgate-Palmolive reported the following information (dollars in millions): Operating Activities Net income Depreciation $2,554 421 Cash effect of changes in Receivables Inventories Other current assets Payables Other Net cash provided by operations $2,896 Source: Colgate-Palmolive Required: Based on the information reported on the statement of cash flows for Colgate-Palmolive, determine whether the following accounts increased or decreased during the period: Receivables, Inventories, Other Current Assets, and Payables. Account Change Receivables Inventories Other current assets Payables (130) (130) 54 199 (72)

A recent statement of cash flows for Colgate-Palmolive reported the following information (dollars in millions): Operating Activities Net income Depreciation $2,554 421 Cash effect of changes in Receivables Inventories Other current assets Payables Other Net cash provided by operations $2,896 Source: Colgate-Palmolive Required: Based on the information reported on the statement of cash flows for Colgate-Palmolive, determine whether the following accounts increased or decreased during the period: Receivables, Inventories, Other Current Assets, and Payables. Account Change Receivables Inventories Other current assets Payables (130) (130) 54 199 (72)

Name: E12-11 (Static) Inferring Balance Sheet Changes from the Cash Flow St
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Description: E12-11 (Static) Inferring Balance Sheet Changes from the Cash Flow Statement (Indirect Method) LO12-2A recent statement of cash flows for Colgate-Palmolive reported the following information (dollars in millions):Operating ActivitiesNet incomeDeprec

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter12: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12.3DC

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