A recent statement of cash flows for Colgate-Palmolive reported the following information: Based on the information reported
Question:
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, andPayables.
Transcribed Image Text:
Operating Activities Net income Depreciation Cash effect of changes in $2,554 421 Receivables Inventories Other current assets Payables Other (130) (130) 54 199 (72) $2,896 Net cash provided by operations
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Related Book For
Financial Accounting
ISBN: 978-0078025556
8th edition
Authors: Robert Libby, Patricia Libby, Daniel Short
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