Question

Met Living Corporation, a nationwide insurance chain, reported the following selected amounts in its financial statements for the year ended December 31, 2012 (adapted, in millions):


Requirement
1. Determine the following for Met Living Corporation during 2012. (Enter all amounts in millions.)
a. Collections from customers
b. Payments for inventory
c. Payments of operating expenses
d. Acquisitions of property and equipment; no sales were made during 2012
e. Long-term borrowing, assuming Met Living made no payments on long-term liabilities
f. Proceeds from issuance of common stock
g. Payment of cashdividends


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  • CreatedApril 29, 2014
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