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help please 5. value 2.00 points E12-12 Inferring Balance Sheet Changes from the Cash Flow Statement (Indirect Method) L012-2 A recent statement of cash flows
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5. value 2.00 points E12-12 Inferring Balance Sheet Changes from the Cash Flow Statement (Indirect Method) L012-2 A recent statement of cash flows for Apple contained the following information (dollars in millions: Operations Net income $25,922 Depreciation 1,814 Changes in assets and liabilities Accounts receivable 143 Inventories 275 Other current assets (1,391) Accounts payable 2,515 Deferred revenue 1,654 Other current abilities 4,495 Other adjustments 2,102 Cash generated by operations $37,529 Required: 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 Change Account Accounts receivable Inventories Other current assets Accounts payable Deferred revenue Other current liabilities Step by Step Solution
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