E12-10 Reporting and Interpreting Cash Flows from Operating Activities from an Analyst's Perspective (Indirect Method) [LO 12-2, LO 12-5] Pizza International, Inc. operates 700 family restaurants around the world. The company's annual report contained the following information (in thousands): Operating Activities $ (9,480) 33,315 172 647 Net Loss Depreciation Increase in Receivables Decrease in Inventory Increase in Prepaid Expenses Decrease in Accounts Payable Decrease in Accrued Liabilities Increase in Income Taxes Payable Payments on Notes Payable Cash Paid for Equipment 2,284 721 1,865 12,693 29,075 Required 1. Based on this information, compute cash flow from operating activities using the indirect method. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) PIZZA INTERNATIONAL, INC Cash Flow from Operating Activities-Indirect Methoo (in thousands) 3. Of the potential causes of differences between cash flow from operations and net income, which are the most important to financial a nalysts? (Select all that apply.) Changes in Management of Operating Activities Changes in Revenue and Expense Recognition Different Methods of Preparing Cash Flows and Income Statement