Landmark Restaurants reported net income of $45.9 million during Year 6. Landmark reported depreciation and amortization of plant and equipment of $48.8 million and cash paid for additions to property, plant and equipment of $162.9 million during Year 6.
Required:
Explain where each of these items would be reported and their impact on cash flows on the statement of cash flows.

Question

Quizplus · Accepted Answer

The Answer of Landmark Restaurants reported net income of $45.9 million during Year 6. Landmark reported depreciation and amortization of plant and equipment of $48.8 million and cash paid for additions to property, plant and equipment of $162.9 million during Year 6.
Required:
Explain where each of these items would be reported and their impact on cash flows on the statement of cash flows.

Landmark Restaurants Reported Net Income of $45