# Question

The following selected information is based on the Year 7 financial statements of the German healthcare firm, adopted from the financial statements Bayer Group. Bayer Group applies IFRS, and reports its results in millions of euros. Compute the missing information in each of the following four independent cases. The letters in parentheses refer to the following:
BS—Balance sheet
IS—Income statement
SCF—Statement of cash flows
a. Accounts Receivable, January 1, Year 7 (BS) . . . . . . . . . . . . . . . . . € 5,868
Sales on Account for Year 7 (IS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32,385
Collections from Customers on Account during Year 7 (SCF) . . . . . . . ?
Accounts Receivable, December 31, Year 7 (BS) . . . . . . . . . . . . . . . . 5,830
b. Income Taxes Payable, January 1, Year 7 (BS) . . . . . . . . . . . . . . . . € 109
Income Tax Expense for Year 7 (IS) . . . . . . . . . . . . . . . . . . . . . . . . . . . ?
Payments to Governments during Year 7 (SCF) . . . . . . . . . . . . . . . . . 763
Income Taxes Payable, December 31, Year 7 (BS) . . . . . . . . . . . . . . . 56
c. Noncurrent financial liabilities, January 1, Year 7 (BS) . . . . . . . . . . . €14,723
Issuance of new debt during Year 7 (SCF) . . . . . . . . . . . . . . . . . . . . . . 2,155
Principal payments of debt during Year 7 (SCF) . . . . . . . . . . . . . . . . . . ?
Noncurrent financial liabilities, December 31, Year 7 (BS) . . . . . . . . . . 12,911
d. Retained Earnings, January 1, Year 7 (BS). . . . . . . . . . . . . . . . . . . . € 6,782
Net Income for Year 7 (IS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,711
Dividends Declared and Paid during Year 7 (SCF) . . . . . . . . . . . . . . . . ?
Retained Earnings, December 31, Year 7 (BS) . . . . . . . . . . . . . . . . .. 10,749

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