Chapter 12, Problem 12.12E

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.