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STATEMENT OF CASH FLOWS:  REPORTING THE EFFECTS OF OPERATING, INVESTING, AND FINANCING ACTIVITIES ON CASH FLOWS   T4-X

4.24 continued.

b.THE GAP

Statement of Cash Flows

For Year 6 and Year 7

Year 6Year 7

Operations:

Net Income$453$534

Depreciation215270

(Increase) Decrease in Merchandise Inventories(96)(154)

(Increase) Decrease in Prepayments(1)(56)

Increase (Decrease) in Accounts Payable—

Merchandise Suppliers114134

Increase (Decrease) in Income Taxes Payable26(7)

Increase (Decrease) in Other Current Liabil-

ities90123

Cash Flow from Operations$801$844

Investing:

Acquisition of Property, Plant and Equipment$(372)$(466)

Sale of Marketable Securities--46

Acquisition of Marketable Securities(46)--

Acquisition of Other Noncurrent Assets(51)(15)

Cash Flow from Investing$(469)$(435)

Financing:

Increase in Short-Term Borrowing$18$45

Increase in Long-Term Borrowing--577

Decrease in Common Stock(360)(524)

Dividends(84)(79)

Cash Flow from Financing$(426)$19

Increase (Decrease) in Cash$(94)$428

Cash, Beginning of Year580486

Cash, End of Year$486$914

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