Harbor Company reported net income of $70,000 for the year ended December 31, 2014. 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 2014 using the indirect method was
A) $129,000.
B) $75,000.
C) $87,000.
D) $65,000.
Correct Answer:
Verified
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