Prepare the cash flows from operating activities

Assignment Help Financial Accounting
Reference no: EM132742929

Problem - Cash flows from operating activities-indirect method - 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 $49,311

Gain on disposal of property 1,188

Depreciation expense 11,580

Other items involving noncash expenses 1,383

Balance sheet data:

Increase in accounts receivable 1,746

Decrease in inventory 990

Increase in prepaid expenses 605

Decrease in accounts payable 710

Decrease in accrued and other current liabilities 995

Required -

a. Prepare the "Cash flows from operating activities" section of the statement of cash flows, using the indirect method for National Beverage Corp.

b. Interpret your results in part (a).

Reference no: EM132742929

Questions Cloud

Key personnel-documentation and other relevant information : The list of available organizational resources, including key personnel, documentation, and other relevant information.
Hummus world food truck : Choose the legal form of organization for the business, and support your choice. Suggest a way to fund the business. Recommend how to attract equity investors.
What was the amount of cash received from customers : If sales for the current year were $753,500 and accounts receivable decreased by $48,400 during the year, what was the amount of cash received from customers
Business-level and international corporate-level strategy : Briefly evaluate its international business-level strategy and international corporate-level strategy and make recommendations for improvement.
Prepare the cash flows from operating activities : Prepare the "Cash flows from operating activities" section of the statement of cash flows, using the indirect method for National Beverage Corp
How the duty of reasonable care affects construction project : Specifically in regard to claims against contractors and how the duty of reasonable care affects construction projects?
How can firms ensure that their code of business ethics : How can firms ensure that their code of business ethics is read, understood, believed, remembered, and acted on rather than ignored?
Find n in the calculation forthe price to yield a minimum : Find n in the calculation forthe price to yield a minimum annual nominal rate of 396. A 10% 10-year face value 1000 bond with semiannual coupons is issued
Find minimum of three professional organizations : Find a minimum of three professional organizations that may help you get into your desired career field.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find and calculate the basic earnings per share

Find and Calculate the basic earnings per share for Pelangi Berhad as at 30 September 2014, 2015, 2016 and 2017. Show all your workings.

  Discuss the ethical dilemma faced by jim fielding

Horizon Corporation manufactures personal computers. The company began operations in 2002 and reported profits for the years 2004 through 2009. Due primarily to increased competition and price slashing in the industry, 2010's income statement reporte..

  Calculate the net advantage to hp of outsourcing

Calculate the net advantage (disadvantage) to HP of outsourcing the component from Samina Corporation. Use a negative sign with your answer

  Evaluate what is the firm weighted average cost of capital

The respective returns required by investors. Assume that the firm's marginal tax rate is 40%, what is the firm's weighted average cost of capital (WACC)?

  Analyze the types of bonds the chosen company issues

Analyze the types of bonds the chosen company issues. Make a recommendation to the investor as to which type of bond would provide the most value.

  Find what selling price per unit necessary to achieve result

Find What selling price per unit is necessary to achieve this result? The firm wants to achieve a level of earnings before interest and taxes of $250,000.

  Determine what amount will dudas report the bonds

Determine what amount will Dudas report the bonds on December 20X4 statement of financial position? Dudas reports its financial results in accordance with IFRS.

  Multiplied by discount factor or divided

In calculation of DCF, is a negative cash flow still multiplied by discount factor or divided?

  What amount of net cash provided by financing activities

What amount of net cash provided by financing activities should be reported in the statement of cash flows?

  Determine how much each class of stock should receive

Determine how much each class of stock should receive under each of the conditions stated.

  Prepare the adjusting entry at december 31

Prepare the adjusting entry at December 31, 2012, to report the portfolio at fair value and show the balance sheet presentation of the investment related accounts at December 31, 2012.

  Journalizing issuance of stock-treasury stock transactions

Journalizing issuance of stock and treasury stock transactions

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd