The following cash data were adapted from the annual report of Google Inc. for the period ended
Question:
The following cash data were adapted from the annual report of Google Inc. for the period ended December 31, 2008. The cash balance as of January 1, 2008, was $6,082 (in millions).
In millions
Receipts from capital stock, etc…………………………..…………. $ 41
Purchases of property, plant, and equipment, etc…………. 21,082
Receipts from sale of investments (net)………………………… 15,763
Net cash flows from operating activities……………………….. 7,853
Instructions
Prepare Google’s statement of cash flows for the year ended December 31, 2008.
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