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:

Verified
Correct Answer:
Verified
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