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A recent statement of cash flows for Apple contained the following information (dollars in millions): Net income Depreciation and amortization Changes in operating assets and
A recent statement of cash flows for Apple contained the following information (dollars in millions): Net income Depreciation and amortization Changes in operating assets and liabilities: Accounts receivable, net Inventories Other current assets Accounts payable Deferred revenue Other current liabilities Cash generated by operating activities Source: Apple Required: OPERATIONS $ 57,411 17,573 8,470 (127) (9,588) (4,062) 2,081 8,916 $80,674 For each of the asset and liability accounts listed on the statement of cash flows, determine whether the account balances increased or decreased during the period
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