A statement of cash flows for Mega Brands reported the following information (in millions of U. S.

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A statement of cash flows for Mega Brands reported the following information (in millions of U. S. dollars):

Required:
Based on the information reported on the statement of cash flows for Mega Brands, determine whether the following accounts increased or decreased during the year: receivables, inventories, payables, and other current assets.

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Financial Accounting

ISBN: 978-1259103285

5th Canadian edition

Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M

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Question Posted: Aug 04, 2015 04:03 AM

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A statement of cash flows for Mega Brands reported the following information (in millions of U. S.

Question:

Operating Activities Net earnings Cash effect of changes in Current Year $8,330 Receivables Inventories Payables Other curent assets (3.265) (18,524) 9,067 7,311 $2,919 Net cash provided by operatons

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Financial Accounting

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