Reference no: EM132683891

Problem - Cash Flows from Operating Activities-indirect Method

Selected data derived from the income statement and balance sheet of Jones Soda Co. for a recent year are as follows:

Income statement data (in thousands):

Net earnings $(10,547)

Losses on inventory write-down and fixed assets 2,248

Depreciation expense 811

Stock-based compensation expense (noncash) 727

Balance sheet data (in thousands):

Decrease in accounts receivable 364

Decrease in inventory 210

Decrease in prepaid expenses 206

Decrease in accounts payable (165)

Decrease in accrued liabilities (1,117)

Required -

a. Make the Cash Flows from Operating Activities section of the statement of cash flows using the indirect method for Jones Soda Co. for the year.

b. Interpret your results in part (a).