Reference no: EM132495490
Preparing the Investing and Financing Sections of the Statement of Cash Flows
Starwood Hotels & Resorts Worldwide, Inc., is one of the world's largest hotel and leisure companies.
It conducts business both directly and through its subsidiaries, including the following hotel brands:
- Sheraton, Four Points, W, Aloft, The Luxury Collection, Le Meridien, Element, Westin, and St. Regis.
- 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):
Additional borrowing from banks $986
Purchase of investments 37
Sale of assets and investments (assume sold at cost) 359
Issuance of stock 120
Purchase and renovation of properties 476
Payment of debt principal 574
Receipt of principal payment on a note receivable 172
Required:
Question 1: Prepare the investing and financing sections of the statement of cash flows for Starwood Hotels. Assume that year-end is December 31, 2012.
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Prepare the investing and financing section of the statement
: Prepare the investing and financing sections of the statement of cash flows for Starwood Hotels. Assume that year-end is December 31, 2012.
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