Cash Flows from Operating Activities-Indirect Method Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows: Income statement data (in thousands): Net income Loss on disposal of property Depreciation expense Other items involving noncash expense Balance sheet data (in thousands): Increase in accounts receivable Increase in inventory Increase in prepaid expenses Increase in accounts payable and other current liabilities $149,774 (149) 13,226 837 Cash flows from (used for) operating activities: 13,041 7,565 a. Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Co. Use the minus sign to indicate out flows, cash payments, decreases in cash, or any negative adjustments. Enter the amounts in thousands of dollars, as shown above. Adjustr nes to reconcile net income to net cash flows from 10,548 17,464 National Beverage Co. Cash Flows from Operating Activities (in thousands) 149,774 ✔

Cash Flows from Operating Activities-Indirect Method Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows: Income statement data (in thousands): Net income Loss on disposal of property Depreciation expense Other items involving noncash expense Balance sheet data (in thousands): Increase in accounts receivable Increase in inventory Increase in prepaid expenses Increase in accounts payable and other current liabilities $149,774 (149) 13,226 837 Cash flows from (used for) operating activities: 13,041 7,565 a. Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Co. Use the minus sign to indicate out flows, cash payments, decreases in cash, or any negative adjustments. Enter the amounts in thousands of dollars, as shown above. Adjustr nes to reconcile net income to net cash flows from 10,548 17,464 National Beverage Co. Cash Flows from Operating Activities (in thousands) 149,774 ✔

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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