Waste Management Inc. reports the following in the 2016 Form 10-K (in millions):

a. Why does Waste Management's income statement deduct equity in net losses of the unconsolidated entities?
b. Explain the reconciling item on Waste Management's statement of cash flow that adds back equity in net losses of unconsolidated entities.
c. Explain why the income statement and statement of cash flow line items related to the unconsolidated subsidiaries is the same 2016? Why are the amounts different for 2015?

Question

Waste Management Inc. reports the following in the 2016 Form 10-K (in millions):
  
a. Why does Waste Management's income statement deduct equity in net losses of the unconsolidated entities?
b. Explain the reconciling item on Waste Management's statement of cash flow that adds back equity in net losses of unconsolidated entities.
c. Explain why the income statement and statement of cash flow line items related to the unconsolidated subsidiaries is the same 2016? Why are the amounts different for 2015?

Quizplus · Accepted Answer

The Answer of Waste Management Inc. reports the following in the 2016 Form 10-K (in millions):
  
a. Why does Waste Management's income statement deduct equity in net losses of the unconsolidated entities?
b. Explain the reconciling item on Waste Management's statement of cash flow that adds back equity in net losses of unconsolidated entities.
c. Explain why the income statement and statement of cash flow line items related to the unconsolidated subsidiaries is the same 2016? Why are the amounts different for 2015?