Refuse Disposal Inc. reports the following in the 2016 Form 10-K (in millions):
A. Why does Refuse Disposal's income statement deduct its share of net losses of the unconsolidated entities?
B. Explain the reconciling item on Refuse Disposal's statement of cash flow that adds back equity in net losses of unconsolidated entities.

Question

Refuse Disposal Inc. reports the following in the 2016 Form 10-K (in millions):
  A. Why does Refuse Disposal's income statement deduct its share of net losses of the unconsolidated entities?
B. Explain the reconciling item on Refuse Disposal's statement of cash flow that adds back equity in net losses of unconsolidated entities.

Quizplus · Accepted Answer

The Answer of Refuse Disposal Inc. reports the following in the 2016 Form 10-K (in millions):
  A. Why does Refuse Disposal's income statement deduct its share of net losses of the unconsolidated entities?
B. Explain the reconciling item on Refuse Disposal's statement of cash flow that adds back equity in net losses of unconsolidated entities.