lected Data (thousands) derived from the income statement and balance sheet of National Beverage Corporation for a recent year are as follows: Income statement data: Net Income 49,311 Gain on disposal of property 1,188 Depreciation 11,580 Other items involving noncash expenses 1,383 Balance Sheet data: Increase in accounts receivable 1,746 Decrease in inventory 990 Increase in prepaid expenses 605 Decrease in accounts payable 710 Decrease in accrued and other current liabilities 995 Prepare the Cash Flows from Operating Activities Section of the Statement of Cash Flows using the indirect method for National Beverage Corp.
lected Data (thousands) derived from the income statement and balance sheet of National Beverage Corporation for a recent year are as follows: Income statement data: Net Income 49,311 Gain on disposal of property 1,188 Depreciation 11,580 Other items involving noncash expenses 1,383 Balance Sheet data: Increase in accounts receivable 1,746 Decrease in inventory 990 Increase in prepaid expenses 605 Decrease in accounts payable 710 Decrease in accrued and other current liabilities 995 Prepare the Cash Flows from Operating Activities Section of the Statement of Cash Flows using the indirect method for National Beverage Corp.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Selected Data (thousands) derived from the income statement and balance sheet of National Beverage
Corporation for a recent year are as follows:
Income statement data:
Net Income 49,311
Gain on disposal of property 1,188
Other items involving noncash expenses 1,383
Balance Sheet data:
Increase in
Decrease in inventory 990
Increase in prepaid expenses 605
Decrease in accounts payable 710
Decrease in accrued and other current liabilities 995
Prepare the
using the indirect method for National Beverage Corp.
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