Johnson & Johnson is a health-care company with headquarters in New Brunswick, New Jersey. Its revenues in

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Johnson & Johnson is a health-care company with headquarters in New Brunswick, New Jersey. Its revenues in the fiscal year ended January 1, 2012, were more than $65 billion. Following are items from the company’s statement of cash flows for that year. The list includes all items in the investing activities section of the statement plus some items from the operating and financing sections.

Additions to property, plant, and equipment …………………………..   $ (2,893)

Proceeds from long-term debt ………………………………………….               4,470

Increase in accounts receivable ………………………………………...                (915)

Proceeds from the disposal of assets …………………………………...          1,342

Dividends to shareholders ……………………………………………..                (6,156)

Acquisitions, net of cash acquired ……………………………………..            (2,797)

Depreciation and amortization of property and intangibles ……….   3,158

Purchases of investments ……………………………………………..              (29,882)

Sales of investments …………………………………………………..                  30,396

Other (primarily purchases of intangibles) …………………………             (778)

Prepare the section “Cash flows from investing activities” for Johnson & Johnson for the fiscal year ending January 1, 2012.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Related Book For  book-img-for-question

Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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