A recent statement of cash flows for Colgate-Palmolive reported the following information (dollars in millions): Operating Activities Net income Depreciation Cash effect of changes in Receivables Inventories Other current assets Payables Other Net cash provided by operations Account Receivables Inventories Other current assets Payables $2,554 421 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. Change (130) (130) 54 199 (72) $2,896

A recent statement of cash flows for Colgate-Palmolive reported the following information (dollars in millions): Operating Activities Net income Depreciation Cash effect of changes in Receivables Inventories Other current assets Payables Other Net cash provided by operations Account Receivables Inventories Other current assets Payables $2,554 421 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. Change (130) (130) 54 199 (72) $2,896

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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