Selected data (in thousands) derived from the income statement and balance sheet of National Beverage Corp. for a recent year are as follows: Income statement data: Net income $49,310 Gain on disposal of property 1,155 Depreciation expense 11,560 Other items involving noncash expenses 1,335 Balance sheet data: Increase in accounts receivable 1,750 Decrease in inventory 1,020 Increase in prepaid expenses 595 Decrease in accounts payable 720 Decrease in accrued and other current liabilities 955 a. Prepare the "Cash flows from operating activities" section of the statement of cash flows, using the indirect method for National Beverage Corp. Use the minus sig indicate cash outflows, 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:

Selected data (in thousands) derived from the income statement and balance sheet of National Beverage Corp. for a recent year are as follows: Income statement data: Net income $49,310 Gain on disposal of property 1,155 Depreciation expense 11,560 Other items involving noncash expenses 1,335 Balance sheet data: Increase in accounts receivable 1,750 Decrease in inventory 1,020 Increase in prepaid expenses 595 Decrease in accounts payable 720 Decrease in accrued and other current liabilities 955 a. Prepare the "Cash flows from operating activities" section of the statement of cash flows, using the indirect method for National Beverage Corp. Use the minus sig indicate cash outflows, 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:

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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