Use the selected data from the consolidated statements of cash flows for Vancouver Corporation for the years ended December 31,2014 and 2013,to answer the questions that follow.
REQUIRED:
(A)What method does Vancouver use to calculate the net cash provided by operating activities?
(B)In 2014,why are depreciation and amortization expenses added back to net income in the operating activities section of the statement of cash flows?
Definitions:
Cross-functional Teams
Teams composed of members from diverse functional areas within an organization, working together towards a common goal.
Training
The process of teaching or acquiring skills, knowledge, or competencies as a result of the teaching of vocational or practical skills and knowledge.
Superordinate Goals
Objectives shared among individuals or groups that necessitate cooperation, often used to resolve conflicts.
Self-managed Teams
Teams in which members together assume the roles of planning, executing, and evaluating their own work.
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