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Harbor company reported net income of $90,000 for the year ended December 31, 201X. During the year inventories decreased by $12,000, accounts payable decreased by
Harbor company reported net income of $90,000 for the year ended December 31, 201X. During the year inventories decreased by $12,000, accounts payable decreased by $18,000, depreciation expense was $20,000 and a gain on disposal of equipment of $9,000 was recorded. Net cash provided by operating activities in 201X using the indirect method was Question 11 options: $107,000 $85,000 $95,000 $149,000
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