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Finance - Ch10

In: Business and Management

Submitted By ms1155
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Chapter 10 Statement of Cash Flows TO THE NET 1. a. Item 1 Business History Northrop Grumman Corporation (“Northrop Grumman” or the “company”) is an integrated enterprise consisting of businesses that cover the entire defense spectrum, from undersea to outer space and into cyberspace. b. Direct Method The principle advantage of the direct method is that it shows the operating cash receipts and payments. Knowledge of where operating cash flows came from and how cash was used in past periods may be useful in estimating future cash flows. c. All of the noncash transactions involving investing and financing activities are important to understanding investing and financing activities but they are not part of cash flow. This would be a noncash investing and financing activity. 2. a. NT 10-K Notification of inability to timely file Form 10-K b. Dell Inc. is delaying the filing of the Form 10-K for its fiscal year ended February 2, 2007… because the independent investigation being conducted by the Audit Committee of the company’s Board of Directors has not been completed. c. Yes. When the statements are issued, they will likely result in changes to multiple years. 3. a. General Development of Business Molson was founded in 1786, and Coors was founded in 1873. Since each company was founded, we have been committed to producing the highest quality beers. Our brands are designed to appeal to a wide range of consumer tastes, styles and price preferences. Our largest markets are Canada, the United States and the United Kingdom. b. 1. Operating cash flow / current maturities of long-term debt and current notes payable December 28, 2008 $411,500,000 $100,000 4,115.00 December 30, 2007 $616,000,000 $100,000 + $4,200,000 143.26

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