ACCOUNTING
Warren, Reeve and Duchac
Financial Accounting
Managerial Accounting
Carl Warren, James M. Reeve, Jonathan E. Duchac
Chapter 16
EX 16-16 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 $4,574
Depreciation expense 256
Stock-based compensation expense (noncash) 1,196
Balance sheet data (in thousands):
Increase in accounts receivable $3,214
Increase in inventory 1,089
Increase in prepaid expenses 566
Increase in accounts payable 1,891
a. Prepare 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).
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