Tulsa Corporation provided you with the following information for the current year. Compute the net cash flow
Question:
Tulsa Corporation provided you with the following information for the current year.
Compute the net cash flow from operating activities under the indirect reporting format.
Transcribed Image Text:
Sales Depreciation Expense Selling, General, and Administrative Expenses Loss on Sale of Equipment Other Income Tulsa Corporation Statement of Net Income For the Current Year Ended Income before Taxes Tax Expense Net Income Changes in Balance Sheet Accounts Decrease in Accounts Receivable Increase in Accounts Payable Increase in Income Taxes Payable $45,700 (1,800) (21,000) (3,000) 400 20,300 (6,090) $14,210 Amount $ 2,300 900 1,600
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Related Book For
Intermediate Accounting
ISBN: 9780136946694
3rd Edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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