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The Goodyear Tire & Rubber Company's December 31, 2016 financial statements reported the following (in millions) Cash, December 31, 2016: $1,132 Cash from operating activities: $1,504 Cash from investing activities: $(973) Cash from financing activities: $(875) What did Goodyear report for cash on its December 31, 2015 balance sheet? A) $1,476 million B) $2,281 million C) $3,711 million D) $715 million E) None of the above.

The Goodyear Tire & Rubber Company's December 31, 2016 financial statements reported the following (in millions) Cash, December 31, 2016: $1,132 Cash from operating activities: $1,504 Cash from investing activities: $(973) Cash from financing activities: $(875) What did Goodyear report for cash on its December 31, 2015 balance sheet? A) $1,476 million B) $2,281 million C) $3,711 million D) $715 million E) None of the above.

FINANCIAL ACCOUNTING
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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The Goodyear Tire & Rubber Company's December 31, 2016 financial statements reported the following (in millions) Cash, December 31, 2016: $1,132 Cash from operating activities: $1,504 Cash from investing activities: $(973) Cash from financing activities: $(875) What did Goodyear report for cash on its December 31, 2015 balance sheet? A) $1,476 million B) $2,281 million C) $3,711 million D) $715 million E) None of the above.
Transcribed Image Text:The Goodyear Tire & Rubber Company's December 31, 2016 financial statements reported the following (in millions) Cash, December 31, 2016: $1,132 Cash from operating activities: $1,504 Cash from investing activities: $(973) Cash from financing activities: $(875) What did Goodyear report for cash on its December 31, 2015 balance sheet? A) $1,476 million B) $2,281 million C) $3,711 million D) $715 million E) None of the above.
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