Net income is $132,000, accounts payable increased $10,000 during the year, inventory decreased $6,000 during the year,
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Net income is $132,000, accounts payable increased $10,000 during the year, inventory decreased $6,000 during the year, and accounts receivable increased $12,000 during the year. Under the indirect method, what is net cash provided by operating activities?
(a) $102,000.
(b) $112,000.
(c) $124,000.
(d) $136,000.
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Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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