Question: 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
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: | |
| Net income | $49,345 |
| Gain on disposal of property | 1,160 |
| Depreciation expense | 11,535 |
| Other items involving noncash expenses | 1,365 |
| Balance sheet data: | |
| Increase in accounts receivable | 1,695 |
| Decrease in inventory | 955 |
| Increase in prepaid expenses | 595 |
| Decrease in accounts payable | 750 |
| Decrease in accrued and other current liabilities | 950 |
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 outflows, cash payments, decreases in cash, or any negative adjustments. Enter the amounts in thousands of dollars, as shown above.
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