Procter & Gamble's June 30, 2016, financial statements reported the following (in millions): Cash, beginning of year $ 6,836 Cash, end of year 7,102 Cash from operating activities 15,435 Cash from investing activities (5,575 ) What did Procter & Gamble report for cash from financing activities for the year ended June 30, 2016?

In the statements of cash flows, transactions during the period are recognized in 3 buckets. These are operating, investing and financing activities. The cash flow statement shows the movement in the cash balance at the start and end of the year is as a result of these activities.

Hence ,

$6,836 + $15,435 - $5,575 + T = $7,102

Where T is the cash from financing activities

T = $7,102 + $5,575 - $6,836 - $15,435

T = ($9,594)

It means that the financing activities used up $9,594.

fichoh fichoh · Answer 2 · 2020-03-29T15:41:41+02:00

Answer:

($9,594)

Explanation:

GIVEN THE FOLLOWING ;

P&G FINANCIAL STATEMENT :

BEGINNING = $6836 MILLION

ENDING = $7102 MILLION

OPERATING ACTIVITIES = $15,435 MILLION

INVESTING ACTIVITIES = ($5575 MILLION)

FINANCING ACTIVITIES =?

Cash and beginning cash refers to the money or cash at the beginning and end of a business year.

Analysis of Cashflow is divided into Investing, Financing and operating activities

THEREFORE :

ENDING - BEGINNING = INVESTING + OPERATING + FINANCING ACTIVITIES

$(7,102 - 6836) = (5575) + $15,435 + FINANCING

$266 = - $5,575 + $15,435 + FINANCING

$266 = $9,860 + FINANCING ACTIVITIES

-$9594 = FINANCING ACTIVITIES.

($9,594)