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5. Procter & Gamble's January 31, 2019, financial statements reported the following (in millions): Cash, beginning of year Cash, end of year Cash from operating
5. Procter & Gamble's January 31, 2019, financial statements reported the following (in millions): Cash, beginning of year Cash, end of year Cash from operating activities Cash used by investing activities 3,000 8,000 15,000 (20,000) What did Procter &Gamble report for Cash from financing activities for the year ended January 31, 2019? A) $10,000 million B) $35,000 million C) $(30,000) million D) $20,000 million 6. During fiscal 2019, purchases inventory on credit for $337.8 million. Which of the following describes how this transaction would be entered onto the financial statement effects template? A) Increase liabilities (accounts payable) by $337.8 million and decrease cash asset by $337.8 million B) Increase earned capital by $337.8 and decrease expenses (cost of goods sold) by $337.8 million C) Increase contributed capital by $337.8 million D) Increase liabilities (accounts payable) by $337.8 million and increase noncash (inventory)
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