Pare Company Reported a Net Loss of $30000 for the Year

question 2

Multiple Choice

Pare Company reported a net loss of $30000 for the year ended December 31 2016. During the year accounts receivable decreased $15000 merchandise inventory increased $25000 accounts payable increased by $30000 and depreciation expense of $20000 was recorded. During 2016 operating activities

• A) used net cash of $10000.
• B) used net cash of $25000.
• C) provided net cash of $10000.
• D) provided net cash of $25000.

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Definitions:

Nat Turner Rebellion

An enslaved African American who led a rebellion in Virginia in 1831, marking a significant event in the antebellum southern United States.

Angelina Grimkè

An American abolitionist, writer, and member of the women's suffrage movement, known for her activism against slavery and for women's rights.

Slavery

A system where individuals are owned by others, deprived of personal freedom, and forced to perform labor or services.

Secularism

The principle of separation between government institutions and religious institutions, ensuring that public policy remains neutral on matters of religion.