A recent statement of cash flows for Colgate-Palmolive reported the following information (dollars in millions): Required: Based
Question:
Required:
Based on the information reported on the statement of cash flows for Colgate-Palmolive, determine whether the following accounts increased or decreased during the period: Receivables, Inventories, Other Current Assets, andPayables.
Transcribed Image Text:
Operating Activities Net income Depreciation Cash effect of changes in S1,353.4 328.7 Receivables Inventories Other current assets Payables Other (116.0) (118.5) 8.2 149.9 215.8 $1,821.5 Net cash provided by operations
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
Account Change Recei...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
A recent statement of cash flows for Colgate- Palmolive reported the following information (in millions of U. S. dollars): Operating Activities Net earnings ............ $ 1,957.2 Depreciation...
-
A recent statement of cash flows for NewArt Company reported the following information Net income ................................................................ $452,700 Depreciation...
-
A recent statement of cash flows for Apple contained the following information: Required: For each of the asset and liability accounts listed on the statement of cash flows, determine whether the...
-
The top 5 stocks in the S&P 500 index, when ranked by market capitalization, make up 22% of the total market capitalization of the S&P 500 index. Numerical estimates of the mean (or expected) rates...
-
Compute the interest coverage ratios for 20 ( 7 and 20 ( 8 from the partial income statements of Wool Company that appear below. State whether the ratio improved or worsened over time? 20x8 20x7...
-
Jessica borrowed $24,500 under the HBP in 2017. Her husband Alfred also borrowed $17,500 under the homebuyers plan that same year. Choose the best answer that accurately describes the income tax...
-
What is the future equivalent of \($1,000\) invested at 8% simple interest for 3 years?
-
Hummer Company uses manufacturing cells to produce its products (a cell is a manufacturing unit dedicated to the production of subassemblies or products). One manufacturing cell produces small motors...
-
Demand for single occupancy apartments is Qd=400,000-250 P. Supply is given by Qs = 200,000 + 250 P. The price of an apartment is measured in hundreds of dollars and quantity is measured in thousands...
-
This graph shows the feasible region (defined by points ACDEF) and objective function level curve (BG) for a maximization problem. Which point corresponds to the optimal solution to the problem? 1)A...
-
Time Warner Telecom, Inc., offers network, local, and long-distance voice services, data transmission services, high-speed dedicated Internet access, and intercarrier services to business customers...
-
A recent statement of cash flows for Apple contained the following information (dollars in thousands): Operations Net income ......... $ 310,178 Depreciation .......... 167,958 Changes in assets and...
-
Find and classify any critical points of the bivariate function k(x 1 , x 2 ) = x 3 1 + x 3 2 2x 1 + 6x 2 .
-
The skater's arms are fully extended during the jump. What is the approximate centripetal acceleration of the skater's hand? A. \(10 \mathrm{~m} / \mathrm{s}^{2}\) B. \(30 \mathrm{~m} /...
-
If you are using a wrench to loosen a very stubborn nut, you can make the job easier by using a "cheater pipe." This is a piece of pipe that slides over the handle of the wrench, as shown in Figure...
-
Suppose you wish to make a vertical leap with the goal of getting your head as high as possible above the ground. At the top of your leap, your arms should be A. Held at your sides. B. Raised above...
-
A \(65 \mathrm{~kg}\) student is walking on a slackline, a length of webbing stretched between two trees. The line stretches and so has a noticeable sag, as shown in Figure P5.8. At the point where...
-
Five forces are applied to a door, as seen from above in Figure Q7.5. For each force, is the torque about the hinge positive, negative, or zero? Fe F Fe Fa Fb FIGURE Q7.5
-
Suppose that in Figure 4-4, the government raises the floor price of peanuts above the displayed $500-per-ton floor price, to $600 per ton. Will the excess quantity of peanuts supplied increase or...
-
Use the graphs of f and g to graph h(x) = (f + g) (x). To print an enlarged copy of the graph, go to MathGraphs.com. 1. 2. y 24 8. 2. -2 -2 4 6
-
Describes a man-in-the-middle attack on the Diffie-Hellman key exchange protocol in which the adversary generates two public-private key pairs for the attack. Could the same attack be accomplished...
-
Jane Noonan is the bookkeeper for Wilson Company, Inc. Jane has been trying to get the company??s balance sheet to balance. She finally got it to balance, but she still isn??t sure that it is...
-
Rules governing the investment practices of individual certified public accountants prohibit them from investing in the stock of a company that their firm audits. The Securities and Exchange...
-
Some people are tempted to make their finances look worse to get financial aid. Companies sometimes also manage their financial numbers in order to accomplish certain goals. Earnings management is...
-
Job performance is perhaps the ultimate outcome variable in organizational behavior research. At the end of the day, bottom - line performance is critical. This activity is important because a person...
-
What are two types of challenges an attorney can make during voir dire?
-
Guns The Production Possibilities Frontier, What does a, d, e, b, c represents in the PPF? 70 40 H 300 400 Butter
Study smarter with the SolutionInn App