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):

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):

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:

2

3

Adjustments to reconcile net loss to net cash flow from operating activities:

4

5

6

7

Changes in current operating assets and liabilities:

8

9

10

11

12

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