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 |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
