E12-11 (Static) Inferring Balance Sheet Changes from the Cash Flow Statement (Indirect Method) LO12-2 A recent statement

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E12 11 Static Inferring Balance Sheet Changes From The Cash Flow Statement Indirect Method Lo12 2 A Recent Statement 1 (63.11 KiB) Viewed 29 times

E12-11 (Static) Inferring Balance Sheet Changes from the Cash Flow Statement (Indirect Method) LO12-2 A recent statement of cash flows for Colgate-Palmolive reported the following information (dollars in millions): Operating Activities Net income Depreciation $2,554 421 Cash effect of changes in Receivables (130) Inventories (130) Other current assets. 54 Payables 199 Other (72) Net cash provided by operations $2,896 Source: Colgate-Palmolive Required: Based on the information reported on the statement of cash flows for Colgate-Palmolive, determine whether the following accounts increased or decreased during the period: Receivables, Inventories, Other Current Assets, and Payables. Account Change Receivables Inventories Other current assets Payables