Question

Colgate-Palmolive was founded in 1806. Its statement of cash flows reported the following information (in millions) for the year ended December 31, 2010:
Operating Activities
Net Income ............. $2,313
Depreciation ............ 376
Cash effect of changes in
Accounts Receivable .......... 40
Inventories .............. (10)
Accounts Payable ........... (65)
Other ................. 557
Net Cash Provided by Operations ..... $3,211

Required:
Based on the information reported in the operating activities section of the statement of cash flows for Colgate-Palmolive, determine whether the following accounts increased or decreased during the period: Accounts Receivable, Inventories, and Accounts Payable.



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  • CreatedFebruary 27, 2015
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