Question: The following excerpts all of which related to the equity

The following excerpts, all of which related to the equity investment account, were taken from the 2012 annual report of AT&T (dollars in millions):


REQUIRED:
a. The statement of cash flows indicates that $157 in equity investments in affiliates were sold in 2012. Estimate how much was invested in affiliates during 2012.
b. What would you expect to see on AT&T’s 2012 statement of cash flows related to this investment activity?
c. Explain why equity income is or is not a good measure of the cash AT&T received from its equityinvestments.
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  • CreatedAugust 19, 2014
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