Nordstrand companys net income last year was36000 changes, Ask an Expert

Accounting

Nordstrand Company's net income last year was
$36,000. Changes in selected balance sheet accounts for the year appear below:
Increases
Debit balances: (Decreases)
Accounts receivable . . . . . . . . . . . . . . . . . . . . . $ (7,000)
Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (5,000)
Prepaid expenses . . . . . . . . . . . . . . . . . . . . . . . $ 3,000
Credit balances:
Accumulated depreciation . . . . . . . . . . . . . . . . $18,000
Accounts payable . . . . . . . . . . . . . . . . . . . . . . $13,000
Accrued liabilities . . . . . . . . . . . . . . . . . . . . . . $ (9,000)
Taxes payable . . . . . . . . . . . . . . . . . . . . . . . . . $ 0
Deferred taxes . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,000

Based solely on this information, the net cash provided by operations under the indirect method on the state-ment of cash flows would be how much?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9978225

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