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Marriott International, Inc., is a leading global lodging company, with more than 6,000 properties in 122 countries. Information adapted from the company's recent annual statement
Marriott International, Inc., is a leading global lodging company, with more than 6,000 properties in 122 countries. Information adapted from the company's recent annual statement of cash flows indicates the following investing and financing activities during that year (simplified, in millions of dollars): $1,482 218 a. Additional borrowing from banks b. Purchase of investments c. Sale of assets and investments (assume sold at cost) d. Issuance of stock e. Purchases of property, plant, and equipment f. Payment of debt principal g. Dividends paid h. Receipt of principal payment on a note receivable 34 199 326 374 67 Required: For each of these, select whether the activity is investing or financing and the direction of the effects on cash flows (+ for increases cash; - for decreases cash). Activity Type of Activity Effect on Cash a. Additional borrowing from banks b. Purchase of investments c. Sale of assets and investments (assume sold at cost) d. Issuance of stock e. Purchases of property, plant, and equipment f. Payment of debt principal g. Dividends paid h. Receipt of principal payment on a note receivable
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