Identifying Non-GAAP and GAAP Measures A company reported the following reconciliation in the MD&A section of...
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Identifying Non-GAAP and GAAP Measures A company reported the following reconciliation in the MD&A section of its 2020 annual report($ millions). Net cash provided by operating activities $565 Development cost of new locations (258) Other property and equipment expenditures (168) $ 139 Free cash flow ($ millions) a. What is the GAAP measure included in this reconciliation? $4 b. What is the non-GAAP measure included in this reconciliation? $ Identifying Non-GAAP and GAAP Measures A company reported the following reconciliation in the MD&A section of its 2020 annual report($ millions). Net cash provided by operating activities $565 Development cost of new locations (258) Other property and equipment expenditures (168) $ 139 Free cash flow ($ millions) a. What is the GAAP measure included in this reconciliation? $4 b. What is the non-GAAP measure included in this reconciliation? $
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a 139 b 565 Explanation Difference of GAAP and NonGAAP Measures GAAP developed by Financial Accounti... View the full answer
Related Book For
Intermediate Accounting 2014 FASB Update
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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