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:

Kidney Tubules

The small tubes in the kidneys where reabsorption and secretion occur, playing a crucial role in the formation of urine.

Potassium

A chemical element with the symbol K and atomic number 19, essential for many bodily functions, including normal heart and muscle function.

Melanocyte-Stimulating Hormone

A hormone produced by the pituitary gland that regulates skin pigmentation by promoting the production of melanin in melanocytes.

Skin Pigmentation

The coloring of a person's skin which is determined by the amount and type of melanin produced by the skin.