Question: Exercise 13-1 Identify each item as a source or use of cash for each company named in the exercise. NBC Universal returns cash to advertisers






Exercise 13-1 Identify each item as a source or use of cash for each company named in the exercise. NBC Universal returns cash to advertisers because of ratings shortfalls. Deutsche Lufthansa AG purchases 19% of JetBlue Airways stock for $300 million. | Source of Cash Bank of America pays shareholders a dividend of $2.12 per share. JP Morgan Chase receives dividends on holdings of other companies' stocks. Cathay Pacific Airlines pays for new airplanes. ExxonMobil receives payment from a major customer. Apple pays its income taxes. Facebook sells stock in its initial public offering. Honda Motor Co. makes a payment on its long-term debt. Use of Cash
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