Using the information from E6- 7, compute net cash flow from operating activities for Tulsa Corporation under
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In E6-7
Transcribed Image Text:
Tulsa Corporation Statement of Net Income For the Current Year Ended Sales Dapreciation Expense Seling, General, and Administrative Expenses Loss on Sale of Equipment Other Income $46.700 1,800) 21,000) (3,000 400 20,300 6,090) $14210 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 Amount s 2,300 900 1,600
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Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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