licoricemom
Mar 25, 2009, 12:06 PM
Harbor Copmpany reported net income of $60,000 for the year ended Dec. 31, 2008. 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 recored. Net cash provided by opreating activities in 2008 using the indirect method was.





