15.

The Statement of Cash Flow for ABC Corporation (for 2020) is listed below. Note that the only items whose value is missing are the items in bold! Answer the questions that follow indicating whether the value associated with each item listed is either true or false. Numbers are in millions.

Operating Activities:
Net Income:	3
Depreciation and Amortization:	2.1
Cash Effect of Changes in:
Accounts Receivable:	-2.5
Accounts Payable:	-2.1
Inventory:	4
Cash from Operating Activities:
Investment Activities:	-10
Cash from Investing Activities:
Finance Activities:
Dividends Paid:	0
Increase in Short-Term Borrowing:	4
Increase in Long-Term Borrowing:	13
Cash From Financing Activities:
Change in Cash and Cash Equivalents:

Cash from Operating Activities has increased by $4.5 M.

True

False

Cash from Financing activities has decreased by $17 M

True

False

The change in cash and cash equivalents has increased by $11.5 M

True

False

The decrease in accounts payable of $2.1 M implies an increase in cash of $2.1 M

True

False

The increase in inventory of $4 M implies an increase in cash of $4 M.

True

False

The increase of $4 M in short-term borrowing implies an increase in cash of $4 M

True

False