Financial Accounting, 8th Edition
Financial Accounting, 8th Edition
8th Edition
ISBN: 9780078025556
Author: Robert Libby, Patricia Libby, Daniel Short
Publisher: McGraw-Hill Education
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Chapter 12, Problem 11E

Inferring Balance Sheet Changes from the Cash Flow Statement (Indirect Method)

A recent statement of cash flows for Apple contained the following information (dollars in millions):

Operations
Net income $25,922
Depreciation 1,814
Changes in assets and liabilities
Accounts receivable 143
Inventories 275
Other current assets (1,391)
Accounts payable 2,515
Deferred revenue 1,654
Other current liabilities 4,495
Other adjustments 2,102
Cash generated by operations $37,529

Required:

For each of the asset and liability accounts listed on the statement of cash flows, determine whether the account balances increased or decreased during the period.

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Financial Accounting, 8th Edition

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The KEY to Understanding Financial Statements; Author: Accounting Stuff;https://www.youtube.com/watch?v=_F6a0ddbjtI;License: Standard Youtube License