Monster Cookie Ltd

question 60

Multiple Choice

Monster Cookie Ltd.reported a loss of $12,000 for the year.During the year, accounts receivable decreased $5,000, merchandise inventory increased $4,000, accounts payable increased by $13,000, and depreciation expense of $7,000 was recorded.Using the indirect method, operating activities

• A)used net cash of $33,000.
• B)used net cash of $23,000.
• C)provided net cash of $9,000.
• D)provided net cash of $7,000.

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Definitions:

Conditional Formatting

A feature in spreadsheet and database applications that changes the appearance of cells based on certain conditions.

Accounting Number

A numerical value associated with financial transactions, used in accounting to classify and summarize economic events.

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A formatting option in software that adjusts numerical data to display as monetary values, often including a currency symbol and appropriate decimal placement.

Accounting Number

A numerical value or format used in accounting to represent financial information accurately.