Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the following excerpt from Cameron Inc.'s 2021 Gash Flow Statement. All numbers are listed in millions of dollars. 2021 2020 2019 Operating activities:

image text in transcribedimage text in transcribed

Consider the following excerpt from Cameron Inc.'s 2021 Gash Flow Statement. All numbers are listed in millions of dollars. 2021 2020 2019 Operating activities: Net income 2,950 2,920 2,620 Adjustments to reconcile net earnings to cash provided by operations: Depreciation and amortization Loss/(gain) on sale of PP&E 2,494 2,496 2,338 60 217 17 Changes in operating assets and liabilities: Accounts receivable 40 10 (22) 57 Inventory (920) (448) (205) Other current assets (195) (200) 43 Accounts payable 127 307 330 Deferred revenue 23 42 (5) Cash provided by operating activities 4,659 5,392 5,195

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

Cornerstones of Cost Management

Authors: Don R. Hansen, Maryanne M. Mowen

2nd edition

1111824401, 978-1111824402

More Books

Students also viewed these Accounting questions

Question

Find dy/dx for the following functions. y COS X sin x + 1

Answered: 1 week ago

Question

Prepare a flexible budget, and use it for performance reporting.

Answered: 1 week ago