Question: The statement of cash flows for Apple Inc contained the

The statement of cash flows for Apple Inc. contained the following information (in millions) for the year ended September 25, 2010:
Operating Activities
Net Income ....... $14,013
Depreciation ........ 1,027
Changes in current assets and current liabilities
Accounts Receivable .... (2,142)
Inventories ........ (596)
Accounts Payable ...... 6,307
Unearned Revenue .... 1,217
Other adjustments ..... (1,231)
Net Cash Provided by Operations .. $18,595

For each of the four current asset and liability accounts listed in the operating activities section of the statement of cash flows, determine whether the account balances increased or decreased during the period.

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  • CreatedFebruary 27, 2015
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