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 ✔

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter7: Fixed Assets, Natural Resources, And Intangible Assets

Section: Chapter Questions

Problem 7.1.3P

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