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Accounting
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 $149,774 Loss on disposal of property (149) Depreciation expense 13,226 Other items involving noncash expense 837 Balance sheet data (in thousands):   Increase in accounts receivable 13,041 Increase in inventory 7,565 Increase in prepaid expenses 10,548 Increase in accounts payable and other current liabilities 17,464 Question Content Area 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. National Beverage Co.Cash Flows from Operating Activities(in thousands) Cash flows from (used for) operating activities:         $- Select - Adjustments to reconcile net income to net cash flows from (used for) operating activities:       - Select -     - Select -     - Select -   Changes in current operating assets and liabilities:       - Select -     - Select -     - Select -     - Select -   Net cash flows from operating activities   $

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 $149,774 Loss on disposal of property (149) Depreciation expense 13,226 Other items involving noncash expense 837 Balance sheet data (in thousands):   Increase in accounts receivable 13,041 Increase in inventory 7,565 Increase in prepaid expenses 10,548 Increase in accounts payable and other current liabilities 17,464 Question Content Area 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. National Beverage Co.Cash Flows from Operating Activities(in thousands) Cash flows from (used for) operating activities:         $- Select - Adjustments to reconcile net income to net cash flows from (used for) operating activities:       - Select -     - Select -     - Select -   Changes in current operating assets and liabilities:       - Select -     - Select -     - Select -     - Select -   Net cash flows from operating activities   $

FINANCIAL ACCOUNTING
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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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 $149,774
Loss on disposal of property (149)
Depreciation expense 13,226
Other items involving noncash expense 837
Balance sheet data (in thousands):  
Increase in accounts receivable 13,041
Increase in inventory 7,565
Increase in prepaid expenses 10,548
Increase in accounts payable and other current liabilities 17,464

Question Content Area

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.

National Beverage Co.Cash Flows from Operating Activities(in thousands)
Cash flows from (used for) operating activities:    
 
   $- Select -
Adjustments to reconcile net income to net cash flows from (used for) operating activities:    
 
 - Select -  
 
 - Select -  
 
 - Select -  
Changes in current operating assets and liabilities:    
 
 - Select -  
 
 - Select -  
 
 - Select -  
 
 - Select -  
Net cash flows from operating activities   $
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