Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Below is a summarized cash flow statement of Thomson Reuters Corporation, the international provider of information. The amounts exclude interest paid and received and dividends

image text in transcribedimage text in transcribed

Below is a summarized cash flow statement of Thomson Reuters Corporation, the international provider of information. The amounts exclude interest paid and received and dividends paid during 2010 and 2009 IFRS allows companies to choose to include interest and dividends paid an operating or financing cash flow and interest received as either operating or investing cash flows THOMSON REUTERS CORPORATION Summarized Cash Flow Statements For the Years Ended December 31 (millions) 2010 2009 3,801 3,853 Net cash provided by operations Net cash used in investing activities (2,090) (1,705) Net cash used in financing activities (393) (179) Interest paid 488 530 Interest received 12 13 1,126 Dividends paid 1,132 Required: a. Recalculate each category of Thomson Reuters' 2009 and 2010 cash flows under the following assumptions: i. Treat dividends, interest received, and interest paid as operating cash flows (Enter your answers in millions. Negative amounts should be indicated by a minus sign.) 2010 2009 (millions) Net cash provided by operations Net cash used in investing activities Net cash used in financing activities

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Audit Process Principles Practice And Cases

Authors: Iain Gray, Louise Crawford, Stuart Manson

7th Edition

1473760186, 9781473760189

More Books

Students also viewed these Accounting questions

Question

Find each product. -6k(2k + 7)

Answered: 1 week ago

Question

(2) In Table 4 (present value of an annuity of 1)

Answered: 1 week ago

Question

2. What are the prospects for these occupations?

Answered: 1 week ago