Suppose You Have the 2018 Statement of Comprehensive Income for a Firm

Multiple Choice

Suppose you have the 2018 statement of comprehensive income for a firm, along with the 12/31/2017 and 12/31/2018 statement of financial positions. How would you calculate net capital spending?

A) Ending net fixed assets (2018) minus beginning net fixed assets (2017) plus 2015 depreciation
B) Beginning net fixed assets (2017) minus ending net fixed assets (2015) plus 2015 depreciation
C) Beginning net fixed assets (2017) plus ending net fixed assets (2015) minus 2015 depreciation
D) Ending net fixed assets (2015) minus beginning net fixed assets (2017) plus 2015 taxes paid
E) Ending net fixed assets (2015) plus beginning net fixed assets (2017) minus 2015 taxes paid