Nordstrom company reported net income of 195000 for 2011

Reference no: EM13602737

Nordstrom Company reported net income of $195,000 for 2011. Nordstrom also reported depreciation expense of $45,000 and a loss of $5,000 on the sale of equipment. The comparative balance sheet shows a decrease in accounts receivable of $15,000 for the year, a $17,000 increase in accounts payable, and a $4,000 decrease in prepaid expenses.

Prepare the operating activities section of the statement of cash flows for 2011. Use the indirect method. (List amounts from largest positive to smallest positive followed by most negative to least negative, e.g. 15, 14, 10, -17, -5, -1. If amount decreases cash flow, use either a negative sign preceding the number eg. -45 or parentheses eg (45).

Reference no: EM13602737

Questions Cloud

The andrew jackson corporation a manufacturer of the : the andrew jackson corporation a manufacturer of the hickory walking sticks made of hickory gathered the following

If the liabilities of a company increased 92000 during a : if the liabilities of a company increased 92000 during a period of time and equity in the business decreased 30000

The new equipment will cost 1000000 will provide annual : abc inc. is considering investing in new equipment for the manufacture of blue ink. the new equipment will cost 1000000

Compute the effect on firm-wide income if 40000 components : the adam division produces a component that is used by the west division. the cost of manufacturing the component is as

Nordstrom company reported net income of 195000 for 2011 : nordstrom company reported net income of 195000 for 2011. nordstrom also reported depreciation expense of 45000 and a

A firm has consistently adjusted its allowance account at : a firm has consistently adjusted its allowance account at the end of the fiscal year by adding a fixed percent of the

On some jobs it is necessary to use outside experts for : emily estimated that she will need to spend 16 hours each month on business development and networking 40 hours per

Build a spreadsheet construct an excel spreadsheet to solve : 70 percent collected in the month of sales15 percent collected in the first month after sale10 percent collected in the

Dresser companys weekly payroll paid on fridays totals : dresser companys weekly payroll paid on fridays totals 6200. employees work a 5-day week. prepare dressers adjusting

User Account

All Pages