9. Net income is $132,000, accounts payable increased $10000 during the year, inventory decreased $6000 during the year, and accounts receivable increased $12000 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.

9. Net income is $132,000, accounts payable increased $10000 during the year, inventory decreased $6000 during the year, and accounts receivable increased $12000 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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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