Financial Reporting Problem

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Instructions For each transaction listed, indicate whether it will increase (I), decrease (D), or have no effect (NE) on free cash flow.

PROBLEMS: SET B AND SET C Visit the book's companion website, at www.wiley.com/college/kimmel, and choose the Student Companion site to access Problems: Set B and Set C.

CONTINUING PROBLEM Cookie Creations

(Note: This is a continuation of the Cookie Creations problem from Chapters 1 through 11.) CC12 Natalie has prepared the balance sheet and income statement of Cookie & Coffee Creations Inc. and would like you to prepare the statement of cash flows. Go to the book's companion website, at www.wiley.com/college/kimmel, to find the completion of this problem. EXPAND YOUR | CRITICAL THINKING FINANCIAL REPORTING PROBLEM: Apple Inc.

CT12-1 The financial statements of Apple Inc. are presented in Appendix A. E Answer the following questions. Instructions (a) What was the amount of net cash provided by operating activities for the year ended

September 27, 2014? For the year ended September 28, 2013? (b) What was the amount of increase or decrease in cash and cash equivalents for the year

ended September 27, 2014? (c) Which method of computing net cash provided by operating activities does Apple use?

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(d) From your analysis of the September 27, 2014, statement of cash flows, was the change in accounts receivable a decrease or an increase? Was the change in inventories a decrease or an increase? Was the change in accounts payable a decrease or an increase?

(e) What was the net cash used by investing activities for the year ended September 27, 2014? (f) What was the amount of interest paid in the year ended September 27, 2014? What was

the amount of income taxes paid for the same period?

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