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Candle Company reported net income of $100,000 for the year ended December 31, 2012. During the year, inventories decreased by $21,000, accounts payable decreased
Candle Company reported net income of $100,000 for the year ended December 31, 2012. During the year, inventories decreased by $21,000, accounts payable decreased by $24,000, depreciation expense was $30,000, and a gain on disposal of equipment of $17,000 was recorded. Net cash provided by operations in 2012 using the indirect method was: O a. $158,000. O b. $90,000. Oc. $110,000. Od. $144,000.
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