What is the amount of the non-cash Items for 2015? a. $481 million
b. $227 million
c. $311 mllon
d. $473 million?

c. $311 mllon

Explanation:

Non-cash items are those items that go into the income statement and can either increase or decrease profits but do not have an actual cash value. In other words, they may affect the calculation of profit but they do not impact the company's cash flow.

Examples include; Depreciation and Amortization

, deferred income taxes  and loss on disposal of property and equipment.  

From the statements of Woodlands Inc., there seems to be only one non-cash item which is Depreciation at a value of $311 million.