Adama Company Reported a Net Loss of $6,000 for the Year

question 41

Multiple Choice

Adama Company reported a net loss of $6,000 for the year ended December 31, 2017.During the year, accounts receivable increased $15,000, merchandise inventory decreased $12,000, accounts payable decreased by $20,000, and depreciation expense of $12,000 was recorded.During 2017, operating activities

• A)used net cash of $17,000.
• B)used net cash of $29,000.
• C)provided net cash of $24,000.
• D)provided net cash of $21,000.

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