Question: Cash Flows from Operating Activities Indirect Method Selected data (in thousands) derived from the income statement and balance sheet of National Beverage Corp. for a
Cash Flows from Operating Activities Indirect Method 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: $49.311 Net income Gain on disposal of property Depreciation expense Other items involving noncash expenses 1,188 11,580CET 1,383 Balance sheet data: Increase in accounts receivable Decrease in inventory Increase in prepaid expenses Decrease in accounts payable Decrease in accrued and other current liabilities 1,746 990 605 710 995 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 sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Enter the amounts in thousands of dollars, as shown above. Natonal Beverage Co. Cash Flows from Operating Activities in thousands Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities
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