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- Search the web CSecure I https//www.lacollegeonlne.com/wcamp/default aspx?sectioniD-1658tabid-157#/unit/T/Complete Question #1 M Save Assignment Submited 8. EX 13-16 Selected data (in thousands) derived from the income statement and balance sheet af National Beverage Corp for a recent year are as follows Cash flows from operating activities indirect method Objective 2 Income statement data Net income Gain on disposal of property Depreciation expense Other iternms involving noncash expenses $49,311 1,188 11,580 1,383 Balance sheet data Increase in accounts receivable Decrease in inventory Increase in prepaid expenses Decrease in accounts payable 1,746 990 605 710 995 crease in accrued and other current liabilities A Prepare the Cash Flows from Operating Activilties section of the statement of cash flows, using the indirect method for National Beverage Corp B. Interpret your results in part (A) + Upload File No files uploaded for this question 7:16PM O Type here to search

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Cash flow from operating activities Net income for the year 49,311 Adjustments to reconcile net income Gain on disposal of property -1,188 Depreciation expense 11,580 other items including non cash items 1,383 increase in account receivable -1,746 Decrease in inventory 990 increase in prepaid expense -605 Decrease in accounts payable -710 Decrease in Accrued and other current liabilities -995 net cash provided by operating activities 58,020 Net cash flow was positive as there was not much increase in assets and payables were of small amounts

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