A recent statement of cash flows for Apple contained the following information (dollars in millions):
Operations
Net income ......... $11,875
Depreciation ........... 703
Changes in assets and liabilities
Accounts receivable ...... (939)
Inventories ......... 54
Other current assets .... (1,050)
Accounts payable ....... 92
Deferred revenue ....... 6,908
Other current liabilities .... (184)
Other adjustments ..... (7,300)
Cash generated by operations ..... $10,159
Required:
For each of the asset and liability accounts listed on the statement of cash flows, determine whether the account balances increased or decreased during the period.