The following items are excerpted from an annual report of a large retailer. Requirements 1. Why is
Question:
The following items are excerpted from an annual report of a large retailer.
Requirements
1. Why is depreciation listed on the statement of cash flows?
2. Explain in detail each investing activity?
Transcribed Image Text:
Consolidated Statement of Cash Flows (Partial, Adapted) For the Year Ended December 30, 2017 2 (amounts in millions) 3 Cash flow from operating activities 4 Net income 185.1 5 Noncash items: Depreciation 90.9 7 Cash flow from investing activities 8 Property, plant, and equipment 9 Other investments 10 Disposal of assets (233.6) (0.6) 17.0
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Related Book For
Financial Accounting
ISBN: 978-0134564142
6th Canadian edition
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin
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