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Determine accounts increased or decreased

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Question - A recent statement of cash flow for Colgate-Palmolive reported the following information (dollars in millions):

Operating Activities

Net income

$2,554

Depreciation

421

Cash effect of changes in

 

Receivables

(130)

Inventories

(130)

Other current assets

54

Payables

199

Other

(72)

Net cash provided by operations

$2,896

Required: Based on the information reported on the statement of cash flows for Colgate-Palmolive, determine whether the following accounts increased or decreased during the period: Receivables, Inventories, Other Current Assets, and Payables.

Reference no: EM132191154

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