Question

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


Requirement
1. Determine the following for Pilgrim 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 Pilgrim made no payments on long-termliabilities
f. Proceeds from issuance of common stock
g. Payment of cashdividends


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  • CreatedApril 29, 2014
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