(Answered) Reading and interpreting general millss statement of cash

Accounting

Reading and Interpreting General Mills's Statement of Cash Flows

Refer to General Mills's statement of cash flows for the year ended May 30, 2010, as reproduced at the end of the book.

Required

What amount did the company spend on purchases of land, buildings, and equipment during the year? Determine the effect on the accounting equation from these purchases.

What amount did the company pay to retire long-term debt during the year? Determine the effect on the accounting equation from the retirement of debt.

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Financial Accounting, Accounting

Category:- Financial Accounting
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