Question: Why are depreciation and amortization added back to net income
Why are depreciation and amortization added back to net income when calculating CFO using the indirect method? How much did High Liner expense for depreciation and amortization in 2011? What would High Liner's net income have been if its depreciation and amortization expense for 2011 was $11,000,000? What would have been its CFO? Explain your results.
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