A recent statement of cash flows for Colgate-Palmolive reported the following information: Based on the information reported

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A recent statement of cash flows for Colgate-Palmolive reported the following information:

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.

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Financial Accounting

ISBN: 978-0078025556

8th edition

Authors: Robert Libby, Patricia Libby, Daniel Short

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Question Posted: Jul 01, 2014 02:14 AM

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A recent statement of cash flows for Colgate-Palmolive reported the following information: Based on the information reported

Question:

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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