Pare Company Reported a Net Loss of $30,000 for the Year

question 40

Multiple Choice

Pare Company reported a net loss of $30,000 for the year ended December 31, 2017.During the year, accounts receivable decreased $15,000, merchandise inventory increased $25,000, accounts payable increased by $30,000, and depreciation expense of $20,000 was recorded.During 2017, operating activities

• A)used net cash of $10,000.
• B)used net cash of $25,000.
• C)provided net cash of $10,000.
• D)provided net cash of $25,000.

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Definitions:

Evidence Indicate

Suggests or shows signs of a specific situation or outcome based on the data or information gathered.

Trade-Off

The concept of giving up one benefit in order to gain another, greater benefit, highlighting the necessity of making choices between competing options.

Wage Increases

Adjustments upwards in the compensation that workers receive for their labor, often reflecting economic conditions, productivity, and negotiation outcomes.

Union Members

Individuals who belong to a labor union, an organization that represents workers' interests in negotiations with employers.