Question
Tu Company's financial statements show a net income of $378,000 in 2016. The following items also appear on Tu's balance sheet: Depreciation expense $80,000 Accounts
Tu Company's financial statements show a net income of $378,000 in 2016. The following items also appear on Tu's balance sheet:
| Depreciation expense | $80,000 |
| Accounts receivable decrease | 24,000 |
| Inventory increase | 56,000 |
| Accounts payable increase | 16,000 |
Using the indirect method, what is Tu's net cash flow from operating activities in 2016?
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Financial accounting
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
9th edition
978-0132751216, 132751127, 132751216, 978-0132751124
