Harbor Company Reported Net Income of $90,000 for the Year

question 14

Multiple Choice

Harbor Company reported net income of $90,000 for the year ended December 31, 2011.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 2011 using the indirect method was

• A)$149,000.
• B)$95,000.
• C)$107,000.
• D)$85,000.