Examine the statement of cash flows of Clock, Inc. Suppose Clocks operating activities provided, rather than used,
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Suppose Clocks operating activities provided, rather than used, cash. Identify three things under the indirect method that could cause operating cash flows to bepositive.
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Clock, Inc. Consolidated Statement of Cash Flows (Adapted; in millions) Year Ended December 31, 2010 Cash Flows from Operating Activities Net i $ 983 Adjustment to reconcile net income to net cash provided by operating activities: Depreciation and amortization Change in assets and liabilities, net of acquired businesses: 278 Accounts receivable Other current as Accounts payable Accrued expenses and other liabilities Unearned revenue Income taxes payable Other, net Net cash used in operating activities.. (587) (200) (98) (298) 31 (333) (191) Cash Flows from Investing Activities Purchase of property and equipment Purchase of investments Sale of investments Acquisitions of other companies $ (1,991) (26,603) 24,108 (454) Net cash used in investing activi (4,940) Cash Flows from Financing Activities Proceeds from the issuance of common stock, net$ 1,043 473 Other, Net cash provided by financing activitie -1,516 Othet Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of yea (3,593) 5,194 S 1,601 Cash and cash equivalents at end of year.
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Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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