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Question 4 The Clorox Company reports depreciation & amortization on the statement of cash flows of $211 million for fiscal year 2021. A) Where is
Question 4 | The Clorox Company reports depreciation & amortization on the statement of cash flows of $211 million for fiscal year 2021. | |||||
A) | Where is this amount reported on the Income Statement? (Hint answer this conceptually, not with precise numbers) | |||||
B) | What balance sheet account(s) is affected by depreciation? | |||||
2021 2020 2019 719 939 820 Dollars in millions Net earnings Other comprehensive (loss) income: Foreign currency adjustments, net of tax Net unrealized gains (losses) on derivatives, net of tax Pension and postretirement benefit adjustments, net of tax Total other comprehensive (loss) income, net of tax Comprehensive income Less: Total comprehensive income attributable to noncontrolling interests Total comprehensive income attributable to Clorox 47 39 8 (36) 5 (7) (38) 901 (22) 2 4 94 813 (16) 804 804 $ 901 804
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