The statement of cash flows for Apple Inc. contained the following information (in millions) for the year ended September 27, 2008: Operating Activities Net Income $ 4,834 Depreciation 473 Changes in current assets and current liabilities Accounts Receivable (785 ) Inventories (163 ) Accounts Payable 596 Unearned Revenue 5,642 Other adjustments (1,001 ) ________________________________________ ________________________________________ ________________________________________ Net Cash Provided by Operations $ 9,596 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________ Required: For each of the four current asset and liability accounts listed in the operating activities section of the statement of cash flows, determine whether the account balances increased or decreased during the period. Account Change Accounts Receivable Increase Inventories Increase Accounts Payable Increase Unearned Revenue Increase ________________________________________

The statement of cash flows for Apple Inc. contained the following information (in millions) for the year ended September 27, 2008:

 

Operating Activities
Net Income	$	4,834
Depreciation		473
Changes in current assets and current liabilities
Accounts Receivable		(785	)
Inventories		(163	)
Accounts Payable		596
Unearned Revenue		5,642
Other adjustments		(1,001	)
Net Cash Provided by Operations	$	9,596

Required:

For each of the four current asset and liability accounts listed in the operating activities section of the statement of cash flows, determine whether the account balances increased or decreased during the period.

 

Account	Change
Accounts Receivable	Increase
Inventories	Increase
Accounts Payable	Increase
Unearned Revenue	Increase