3,000,000 face value, 6% bond
2,000 40,150
(9,400) 30,750
(6,750) 24,000
000.00 00009
4,000 50010
(2,000) 00000
000.6 000.0013
30000 20090
67,000 -0000
000.9 4,000
10,000 335,000
295,000 338,150
175,000 163,150
(121,000) 2200000
1/1/61/1/21 000.09
46,000 000 000
11,400 (2,000) 00000
10060 40000
500.0 (0000)
35,000 6,000
2220100 22500
54400 NORDSTROM CO. INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2019
Income before tax
Income tax expense
Dividends in the amount of 6,000 were declared and paid during 2019
Bad debts expense
Operating income
Write-offs of uncollectible accounts totaled 1,000 in 2019.
b. Compute cash flow from operating activity by using indirect method.
NORDSTROM Co
Cost of goods sold
Operating expenses
Interest expense
Share capital ordinary, 10 par
Net income
Allowance for doubtful account
Short-term investments (trading)
Share premium ordinary
Retained earnings
Long-term loans payable
Accounts payable
Income taxes payable
Short-term loans payable
Sales revenue
Gross margin
Equipment
Copyrights
Inventory
Prepaid rent
Total assets
Additional information: Intermediate Accounting 2 (AKM 2) Required Exercise 1
LUH
02