EX 16-16 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 fi xed 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) |
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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