The statement of cash flows for Apple Inc contained the following information (in millions) for the year ended September 27, 2008 Required 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 accou...

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The statement of cash flows for Apple Inc. contained the following information (in millions) for the year

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The statement of cash flows for Apple Inc. contained the following information (in millions) for the year ended September 27, 2008:

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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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Fundamentals Of Financial Accounting

ISBN: 9780073527109

3rd Edition

Authors: Fred Phillips, Robert Libby, Patricia A Libby

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Question Posted: Apr 26, 2024 11:00 PM

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The statement of cash flows for Apple Inc. contained the following information (in millions) for the year

Question:

Operating Activities Net Income $4,834 Depreciation Changes in current assets and current liabilities 473 Accounts Receivable (785) Inventories (163) Accounts Payable 596 Unearned Revenue 5,642 Other adjustments (1,001) Net Cash Provided by Operations $9,596

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Fundamentals Of Financial Accounting

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