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Whether the following accounts increased or decreased

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Colgate- Palmolive was founded in 1806. Its statement of cash flows reported the following information (in millions) for the year ended December 31, 2012:

Operating Activities

Net Income $ 2,630

Depreciation 425

Cash effect of changes in

Accounts Receivable 20 Inventory (20)

Accounts Payable (5)

Other.. 150

Net Cash Provided by Operations $ 3,200

Required:

Based on the information reported in the operating activities section of the statement of cash flows for Colgate- Palmolive, indicate whether the following accounts increased (I) or decreased (D) during the period:

(a) Accounts Receivable,

(b) Inventories, and

(c) Accounts Payable. 

Reference no: EM13867187

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