Refer to the financial statements of Samsung presented in Appendix A, and answer the following questions. The

Question:

Refer to the financial statements of Samsung presented in Appendix A, and answer the following questions. The complete annual report, including notes to the financial statements, is available in the Investor Relations section of the company’s website at www.samsung.com.
(a) What was the amount of net cash provided by operating activities for the year ended December 31, 2010? For the year ended December 31, 2009?
(b) What was the amount of increase or decrease in cash and cash equivalents for the year ended December 31, 2010? For the year ended December 31, 2009?
(c) Which method of computing net cash provided by operating activities does Samsung use?
(d) From your analysis of the 2010 statement of cash flows, did the change in accounts and notes receivable require or provide cash? Did the change in inventories require or provide cash? Did the change in accounts payable and other current liabilities require or provide cash?
(e) What was the net outflow or inflow of cash from investing activities for the year ended December 31, 2010?
(f) What was the amount of interest paid in the year ended December 31, 2010? What was the amount of income taxes paid in the year ended December 31, 2010?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...