Refer to General Mills's statement of cash flows for the year ending May 30, 2010.
Required
1. What sources of cash are revealed in the Financing Activities category of the statement of cash flows?
2. What was the amount of dividends paid to stockholders during the period?
3. The Financing Activities section indicates a large negative amount for the purchase of treasury stock. When treasury stock is purchased, what is the effect on the accounts of the balance sheet?