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The following account information was presented as adjustments to net income in a recent statement of cash flows for Target Corporation. Determine whether each item
The following account information was presented as adjustments to net income in a recent statement of cash flows for Target Corporation. Determine whether each item would be a positive adjustment or a negative adjustment to net income in determining cash from operations. ($ millions).
a. Operating activities increased accounts payable by $232. |
AnswerPositive adjustmentNegative adjustment |
b. Operating activities increased inventories by $322. |
AnswerPositive adjustmentNegative adjustment |
c. Operating activities decreased other noncurrent liabilities by $97. |
AnswerPositive adjustmentNegative adjustment |
d. Depreciation and amortization expense was $2,131. |
AnswerPositive adjustmentNegative adjustment |
e. Operating activities decreased other noncurrent assets by $43. |
AnswerPositive adjustmentNegative adjustment |
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