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 ✔
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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mework Assignment
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Net Income
Loss on disposal of property
Depreciation expense
Other items involving noncash expense
Balance sheet data (in thousands):
Increase in accounts receivable
Cengage Learning
Increase in inventory
Increase in prepaid expenses
Increase in accounts payable and other current liabilities
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):
Check My Work
$149,774
(149)
13,226
837
13,041
7,565
10,548
17,464
x b Accounting Homework x +
|
National Beverage Co.
Cash Flows from Operating Activities
(in thousands)
Cash flows from (used for) operating activities:
Net income - V
Adjustments to reconcile net income to net cash flows from (used for) operating activities;
Locator=&inprogress=false
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 cash
out flows, cash payments, decreases in cash, or any negative adjustments. Enter the amounts in thousands of dollars, as shown above.
☆
$ 149.774
-
Ø :
43](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F073c362f-7693-47b2-b207-9aa8411ea23c%2F92277147-e204-4971-92e2-c351f6d8137e%2Fwqlobz_processed.jpeg&w=3840&q=75)
Transcribed Image Text:me
X
items
Mail - Foley, Alason L (S X
MindTap-Cengage...
mework Assignment
v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession
NOCTI Business M.....
eBook
CengageNOWv2 | Online X
Net Income
Loss on disposal of property
Depreciation expense
Other items involving noncash expense
Balance sheet data (in thousands):
Increase in accounts receivable
Cengage Learning
Increase in inventory
Increase in prepaid expenses
Increase in accounts payable and other current liabilities
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):
Check My Work
$149,774
(149)
13,226
837
13,041
7,565
10,548
17,464
x b Accounting Homework x +
|
National Beverage Co.
Cash Flows from Operating Activities
(in thousands)
Cash flows from (used for) operating activities:
Net income - V
Adjustments to reconcile net income to net cash flows from (used for) operating activities;
Locator=&inprogress=false
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 cash
out flows, cash payments, decreases in cash, or any negative adjustments. Enter the amounts in thousands of dollars, as shown above.
☆
$ 149.774
-
Ø :
43
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