Net income is $132,000, accounts payable in- creased $10,000 during the year, inventory de- creased $6,000 during

Question:

Net income is $132,000, accounts payable in- creased $10,000 during the year, inventory de- creased $6,000 during the year, and accounts receivable increased $12,000 during the year. Under the indirect method, what is net cash provided by operations?

(a) $102,000.

(c) $124,000.

(b) $112,000.

(d) $136,000.

AppendixLO1

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