Question
Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows: Income statement data (in
Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows: Income statement data (in thousands): Net income $49,311 Gain on disposal of property 1,188 Depreciation expense 11,580 Other items involving noncash expense 1,383 Balance sheet data (in thousands): Increase in accounts receivable 1,746 Decrease in inventory 990 Increase in prepaid expenses 605 Decrease in accounts payable and other current liabilities 1,705 a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Co. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Enter the amounts in thousands of dollars, as shown above.
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