Question

3 16.66 points Pizza International, Inc., reported the following information (in thousands): Net Income Depreciation Operating Activities Increase in receivables Decrease in inventory $\qquad 110 33,355 180 663 eBook Increase in prepaid expenses 674 Hint Decrease in accounts payable 8,730 Increase in accrued liabilities 729 Ask Decrease in income taxes payable 2,741 Payments on notes payable 12,701 Print Cash paid for equipment 29,083 References Required: 1. Based on this information, compute cash flow from operating activities using the indirect method. 2. What was the primary reason that Pizza International was able to report large positive cash flow from operations despite nearly having a net loss?

          3
16.66
points
Pizza International, Inc., reported the following information (in thousands):
Net Income
Depreciation
Operating Activities
Increase in receivables
Decrease in inventory
$\qquad 110
33,355
180
663
eBook
Increase in prepaid expenses
674
Hint
Decrease in accounts payable
8,730
Increase in accrued liabilities
729
Ask
Decrease in income taxes payable
2,741
Payments on notes payable
12,701
Print
Cash paid for equipment
29,083
References
Required:
1. Based on this information, compute cash flow from operating activities using the indirect method.
2. What was the primary reason that Pizza International was able to report large positive cash flow from operations despite nearly
having a net loss?

3
16.66
points
Pizza International, Inc., reported the following information (in thousands):
Net Income
Depreciation
Operating Activities
Increase in receivables
Decrease in inventory
110
33,355
180
663
eBook
Increase in prepaid expenses
674
Hint
Decrease in accounts payable
8,730
Increase in accrued liabilities
729
Ask
Decrease in income taxes payable
2,741
Payments on notes payable
12,701
Print
Cash paid for equipment
29,083
References
Required:
1. Based on this information, compute cash flow from operating activities using the indirect method.
2. What was the primary reason that Pizza International was able to report large positive cash flow from operations despite nearly
having a net loss?

Added by Jaclyn B.

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