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Why is depreciation added back to net income

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Reference no: EM132120670

Question: Refer to the Hat Rack Cash Flow Statement, 2002 in the text on page 17. Answer the following questions and submit to me via Canvas by the due date.

1. Cash flow from operations?

2. Cash flow from investing?

3. Cash flow from financing?

4. What is the Hat Rack Net Income?

5. What was the highest source of cash from Investing?

6. What was the highest use of cash from financing?

7. What is the meaning of ( ) brackets in the statement?

8. The increase in cash for the year must match?

9. Why is the net income different from the increase in cash?

10. Why is depreciation added back to net income?

Reference no: EM132120670

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