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.
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter2: Analyzing Transactions
Section: Chapter Questions
Problem 23E: The following data (in millions) are taken from the financial statements of Target Corporation: a....
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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 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
using the indirect method for National Beverage Corp.
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