Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What adjustments would need to be made in the Operating Section of the statement of cash flows prepared under the indirect method to account for
What adjustments would need to be made in the Operating Section of the statement of cash flows prepared under the indirect method to account for the changes in the Accounts Payable and Accrued Expenses account balances for Google? GOOGLE BALANCE SHEET (In $ Millions) As of 1231/12As of 12/31/13 Cash, Equivalents, Marketable Securities Accounts Recoivable, net Inventory Other Current Assets P,P&E, net Intangibles, not Other LT Assets s 48,088 7,885 505 3,976 11,854 18,010 3,480 93,798 58,717 8,882 426 4,861 16,524 17,558 3,952 110,920 TOTAL ASSETS Accounts Payable Accrued Expenses Other Current Liabilities Long Torm Dobt Other Long Term Liabilities Common Stock Retained Eamings AOCI &Other 2,012 9,776 2,549 2,988 4,758 22,835 48,342 538 $ 93,798 2,453 10,446 3,009 2,236 5,467 25,922 61,262 125 110,920 TOTAL LIABILITIES&EQUITY O Decrease of S441 for Accounts Payable and decrease of $670 for Accrued Expenses O Increase of $441 for Accounts Payable and decrease of $670 for Accrued Expenses O Decrease of $441 for Accounts Payable and increase of $670 for Accrued Expenses O Increase of S441 for Accounts Payable and increase of $670 for Accrued Expenses
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started