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Question
barber company reported net income of $120,000 for the year ended december 31, 2012. during the year, inventories decreased by $24,000, accounts payable decreased by $36,000, depreciation expense was $40,000 and a gain on disposal of equipment of $18,000 was recorded. net cash provided by operating activities in 2012 using the indirect method was
a.$238,000
b.$130,000
c.$154,000
d.$110.000
Answer
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