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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:E12-11 (Static) Inferring Balance Sheet Changes from the Cash Flow Statement (Indirect Method)
LO12-2
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
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