Question: Using the information from E6- 7, compute net cash flow from operating activities for Tulsa Corporation under the direct reporting format. In E6-7 Tulsa Corporation
In E6-7
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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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