Stolberg Company Reported a Net Loss of $12,000 for the Year

question 86

Multiple Choice

Stolberg Company reported a net loss of $12,000 for the year ended December 31, 2022.During the year, accounts receivable decreased $28,000, inventory increased $20,000, accounts payable increased by $30,000, and depreciation expense of $24,000 was recorded.During 2022, operating activities

• A)used net cash of $14,000.
• B)used net cash of $50,000.
• C)provided net cash of $50,000.
• D)provided net cash of $74,000.

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Definitions:

Utilitarian Theories

A set of ethical theories that posit that the best action is the one that maximizes utility, typically defined as that which produces the greatest well-being of the greatest number of people.

Cost-benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives used to determine options which provide the best approach to achieve benefits while preserving savings.

Ethics

Moral principles that govern a person's behavior or the conduct of an activity.

A Priori Guidelines

Principles or rules that are derived through logic or reason, rather than from empirical observation.