The statement of cash flows for Apple Inc. contained the following information (in millions) for the year ended September 25, 2010: 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 following accounts increased or decreased during the period: Accounts: Accounts recievable_________ Inventories____________ Accounts payable_______ Unearned revenue______ What were the changes? Solution 1) Accounts receivable - Increased. Cash outflow. Therefore, Accounts receivable balance at the year end is more when compared to opening balance. 2) Inventories - Increased.Cash outflow. Apple Inc. inventory stock is more at the year end than opening balance. 3) Accounts payable - decreased. Cash Inflow. Accounts payable were less at the year end as compared to opening balance. 4) Unearned revenue - decreased. Cash inflow. Unearned revenue was less at the year end as compared to opening balance. .