Question: Interpreting Changes in Operating Assets and Liabilities Amgen Inc. reports the following adjustments to net income in its 2018 statement of cash flows. Change in

Interpreting Changes in Operating Assets and Liabilities Amgen Inc. reports the following adjustments to net income in its 2018 statement of cash flows.

Change in Current Operating Asset or Liability
Trade receivables, net $(378)
Inventories (3)
Other assets 35
Accounts payable (143)
Accrued income taxes, net (361)
Long-term tax liabilites 258
Other liabilities 1,214

Use the sign of each amount to indicate whether each current operating asset or liability increased or decreased during the year.

Increase or decrease
Balance sheet item during the year
Trade receivables, net AnswerIncreaseDecrease
Inventories AnswerIncreaseDecrease
Other assets AnswerIncreaseDecrease
Accounts payable AnswerIncreaseDecrease
Accrued income taxes, net AnswerIncreaseDecrease
Long-term tax liabilities AnswerIncreaseDecrease
Other liabilities AnswerIncreaseDecrease

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