Question: Compute net cash flow from operating activities for Tulsa Corporation under the indirect reporting format. Tulsa Corporation provided you with the following information for the
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Compute the net cash flow from operating activities under the indirect reporting format.
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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