A statement of cash flows for Mega Brands reported the following information (in millions of U. S.
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Based on the information reported on the statement of cash flows for Mega Brands, determine whether the following accounts increased or decreased during the year: receivables, inventories, payables, and other current assets.
Transcribed Image Text:
Operating Activities Net earnings Cash effect of changes in Current Year $8,330 Receivables Inventories Payables Other curent assets (3.265) (18,524) 9,067 7,311 $2,919 Net cash provided by operatons
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Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
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