Nordstrom Company reported net income of $196,330 for 2011. Nordstrom also repor

Question

Nordstrom Company reported net income of $196,330 for 2011. Nordstrom also reported depreciation expense of $49,760 and a loss of $4,780 on the sale of equipment. The comparative balance sheet shows a decrease in accounts receivable of $15,280 for the year, a $16,690 increase in accounts payable, and a $4,290 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).) NORDSTROM COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2011 Cash flows from operating activities $ Adjustments to reconcile net income to net cash provided by operating activities $ Net cash provided by operating activities $

Explanation / Answer

Net increase in cash & cash equivalents $51,000 CCE at beginning of year $22,000 CCE at end of year $73,000

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