A statement of cash flows for Colgate-Palmolive reported the following information (in millions of U.S. dollars): Required:

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A statement of cash flows for Colgate-Palmolive reported the following information (in millions of U.S. dollars): image text in transcribed

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Based on the information reported on the statement of cash flows for Colgate-Palmolive, 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: 9780070001497

4th Canadian Edition

Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby

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Question Posted: Jun 12, 2024 02:03 AM

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A statement of cash flows for Colgate-Palmolive reported the following information (in millions of U.S. dollars): Required:

Question:

Operating Activities Profit Depreciation and amortization Cash effect of changes in Receivables Current Year $1,957.2 347.6 (69.8) Inventories Payables (134.7) 125.2 Other current assets 12.8 Net cash provided by operations $2,238.3

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Financial Accounting

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