Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pizza International, Incorporated, reported the following Information (In thousands): Operating Activities Net Income $ 118 Depreciation 33,395 Increase in receivables 188 Decrease in inventory 679
Pizza International, Incorporated, reported the following Information (In thousands): Operating Activities Net Income $ 118 Depreciation 33,395 Increase in receivables 188 Decrease in inventory 679 Increase in prepaid expenses 682 Decrease in accounts payable 8,738 Increase in accrued liabilities 737 Decrease in income taxes payable 2,757 Payments on notes payable 12,709 Cash paid for equipment 29,091 Required: 1. Based on this information, compute cash flow from operating activities using the Indirect method. 2. What was the primary reason that Pizza International was able to report large positive cash flow from operations despite nearly having a net loss? Complete this question by entering your answers in the tabs below. Required 1 Required 2 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, INCORPORATED Cash Flow from Operating ActivitiesIndirect Method (in thousands) Net Income Net Cash Flows Provided by Operating Activities
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started