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.

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Flushed Skin

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