Madison Company reported net income of $100,000 for the year ended December 31, 2013.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 2013 using the indirect method was
A) $154,000.
B) $105,000.
C) $112,000.
D) $90,000.
Correct Answer:
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