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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Research and Analysis Using the Annual Report

Obtain John Deere’s 2016 annual report either through the “Investor Relations” portion of their website (do a web search for John Deere investor relations) or go to www.sec.gov and click “Company Filings Search” under “Filings."

Why was the provision for depreciation and amortization added to net income to compute the net cash provided by operating activities?

To determine

In the cash flow statement can be prepared by two methods which one is indirect method and other one is direct method.

Depreciation and amortization is the non-cash item and these two items will be added in the cash flow statement if cash flow statement prepared by the indirect method.

At the preparation of income statement these two expenses has been reduced from the net profit.

To discuss:

The provision for depreciation and amortization added to net income to compute the net cash provided by operating activities.

Explanation

Depreciation expense is the normal expense which must be considered while calculating the income statement but depreciation expense is non-cash expen...

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