Solved

WD Company Reports Profit in 2012 of $1,300 Million and Depreciation

Question 87

Multiple Choice

WD Company reports profit in 2012 of $1,300 million and depreciation expense of $851 million.They also report investment in new theme parks,resorts,and other property of $2,134 million for 2012.Which of the following disclosures would appear on their statement of cash flows?


A) Depreciation of $851 million would be deducted from profit under operating activities and the $2,134 million would be added under investing activities
B) Depreciation of $851 million would be added to profit under operating activities and the $2,134 million would be added under investing activities
C) Depreciation of $851 million would be added to profit under operating activities and the $2,134 million would be deducted under investing activities
D) Depreciation of $851 million would be deducted from profit under operating activities and the $2,134 million would be deducted under investing activities

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions