Colgate-Palmolive was founded in 1806. Assume its statement of cash flows reported the following information (in millions) for the year ended December 31, 2017: Operating Activities Net Income Depreciation Cash effect of changes in Accounts Receivable Inventories Accounts Payable Other Net Cash Provided by Operations Account Accounts receivable Inventories Accounts payable $2,313 376 Required: Based on the information reported in the operating activities section of the statement of cash flows for Colgate-Palmolive, determine whether the following accounts increased or decreased during the period: Change 40 (10) (65) 557 $3,211

Colgate-Palmolive was founded in 1806. Assume its statement of cash flows reported the following information (in millions) for the year ended December 31, 2017: Operating Activities Net Income Depreciation Cash effect of changes in Accounts Receivable Inventories Accounts Payable Other Net Cash Provided by Operations Account Accounts receivable Inventories Accounts payable $2,313 376 Required: Based on the information reported in the operating activities section of the statement of cash flows for Colgate-Palmolive, determine whether the following accounts increased or decreased during the period: Change 40 (10) (65) 557 $3,211

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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Colgate-Palmolive was founded in 1806. Assume its statement of cash flows reported the following information (in millions) for the year
ended December 31, 2017:
Operating Activities
Net Income
Depreciation
Cash effect of changes in
Accounts Receivable
Inventories
Accounts Payable
Other
Net Cash Provided by Operations
Account
Accounts receivable
Inventories
Accounts payable
$2,313
376
Required:
Based on the information reported in the operating activities section of the statement of cash flows for Colgate-Palmolive, determine
whether the following accounts increased or decreased during the period:
Change
40
(10)
(65)
557
$3,211

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