Adama Company Reported a Net Loss of $6000 for the Year

question 153

Multiple Choice

Adama Company reported a net loss of $6000 for the year ended December 31 2016. During the year accounts receivable increased $15000 merchandise inventory decreased $12000 accounts payable decreased by $20000 and depreciation expense of $12000 was recorded. During 2016 operating activities

• A) used net cash of $17000.
• B) used net cash of $29000.
• C) provided net cash of $24000.
• D) provided net cash of $21000.

Understand the concept of organizations as social inventions that accomplish goals through group efforts.

Recognize the diverse goals of organizations, including survival, innovation, and employee engagement.

Identify the characteristics of effective organizational behavior, including the necessity for adaptation, innovation, and flexible behaviors.

Understand the importance of human capital as a strategic priority in organizations.

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Definitions:

Nylon 6,6

A type of polyamide or nylon made from hexamethylene diamine and adipic acid, characterized by high strength and melting point.

Biodegradable Polymer

A type of polymer that can be broken down by biological processes, including microbial action, into natural substances like water and carbon dioxide.

L-Lactic Acid

The left-handed (levo) isomer of lactic acid, often involved in biological processes such as fermentation and muscle metabolism.

Polymers

Large molecules composed of repeated subunits (monomers), which can exhibit a wide range of physical and chemical properties depending on their composition and structure.