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5-46 Balance Sheet Equation of Statement of Cash Flows When you hear the name Rolls-Royce Holdings plc you probably think of luxury automobiles. However, today
5-46 Balance Sheet Equation of Statement of Cash Flows When you hear the name Rolls-Royce Holdings plc you probably think of luxury automobiles. However, today the company is mainly in aerospace, marine, and energy fields. The company's condensed December 31, 2011, balance sheet follows (in millions of British pounds): 1. Prepare a balance sheet equation for Rolls-Royce Holdings in a format that supports the statement of cash flows. 2. Suppose that during the next month trade and other receivables increased by 500, other assets increased by 300, trade and other payables decreased by 150, other liabilities decreased by 50, and stockholders' equity was unchanged. What would be the balance in cash and cash equivalents at the end of the month
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