Selected data derived from the income statement and balance sheet of Jones Soda Co. for a recent

Question:

Selected data derived from the income statement and balance sheet of Jones Soda Co. for a recent year are as follows:

Income statement data (in thousands):

Net earnings (loss) ...............$(6,106)

Losses on inventory write-down and fixed assets.... 379

Depreciation expense.............. 799

Stock-based compensation expense (noncash)..... 830

Balance sheet data (in thousands):

Increase in accounts receivable ........... 278

Decrease in inventory .............. 1,252

Decrease in prepaid expenses ............ 131

Decrease in accounts payable ............. 472

a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method for Jones Soda Co.

b. Interpret your results in part (a)

Accounts Payable
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Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...