Net income is $132,000. During the year,counts payable increased $10,000, inventory decreased $6,000, and accounts receivable in-
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Net income is $132,000. During the year,counts payable increased $10,000, inventory decreased $6,000, and accounts receivable in- creased $12,000. Under the indirect method, net cash provided by operations is:
(a) $102,000.
(b) $112,000.
(c) $124,000.
(d) $136,000.
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Related Book For 
Managerial Accounting Tools For Business Decision Making
ISBN: 9780471413653
2nd Canadian Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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