Buster Company Reported a Net Loss of $6,000 for the Year

question 15

Multiple Choice

Buster Company reported a net loss of $6,000 for the year ended December 31, 2010. During the year, accounts receivable increased $14,000, merchandise inventory decreased $10,000, accounts payable decreased by $20,000, and depreciation expense of $10,000 was recorded. During 2010, operating activities

• A) used net cash of $20,000.
• B) used net cash of $28,000.
• C) provided net cash of $28,000.
• D) provided net cash of $18,000.

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Definitions:

Illegal Acts

Activities that are forbidden by law and subject to legal penalties.

Admit Guilt

The act of confessing to wrongdoing or accepting responsibility for a mistake, crime, or misdeed.

Legal Lawlessness

A situation where legal norms exist but are not enforced or are applied in a highly discriminatory manner, leading to a state of disorder.

Police Brutality

Police brutality is the excessive or unnecessary use of force by police officers, often leading to violations of individuals' rights.