Question: Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows: 1 Income statement data
Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows:
| 1 | Income statement data (in thousands): |
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| 2 | Net earnings (loss) | $43,993.00 |
| 3 | Losses on inventory write-down and fixed assets | 7.00 |
| 4 | Depreciation expense | 10,174.00 |
| 5 | Stock-based compensation expense (noncash) | 290.00 |
| 6 | Balance sheet data (in thousands): |
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| 7 | Increase in accounts receivable | 5,679.00 |
| 8 | Increase in inventory | 7,509.00 |
| 9 | Decrease in prepaid expenses | 2,239.00 |
| 10 | Decrease in accounts payable and other current liabilities | 1,341.00 |
| Amount Descriptions | |
|---|---|
| Amortization of intangible assets | |
| Decrease in accounts payable and other current liabilities | |
| Decrease in accounts receivable | |
| Decrease in inventory | |
| Decrease in prepaid expenses | |
| Depreciation | |
| Gains on fixed assets | |
| Increase in accounts payable and other current liabilities | |
| Increase in accounts receivable | |
| Increase in inventory | |
| Increase in prepaid expenses | |
| Losses on inventory write-down and fixed assets | |
| Net cash flow from operating activities | |
| Net cash flow used for operating activities | |
| Net income | |
| Net loss | |
| Stock-based compensation expense (noncash) |
Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Co. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.
| National Beverage Co. |
| Cash Flows from Operating Activities (in thousands) |
| 1 | Cash flows from operating activities: |
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| 2 |
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| 3 | Adjustments to reconcile net loss to net cash flow from operating activities: |
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| 4 |
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| 5 |
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| 6 |
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| 7 | Changes in current operating assets and liabilities: |
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| 8 |
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| 9 |
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| 10 |
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| 11 |
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| 12 |
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