Catalina Company Reported a Net Loss of $15,000 for the Year

question 173

Multiple Choice

Catalina Company reported a net loss of $15,000 for the year ended December 31, 2022.During the year, accounts receivable decreased $7,500, inventory increased $12,000, accounts payable increased by $15,000, and depreciation expense of $9,000 was recorded.During 2022, operating activities

• A)used net cash of $4,500.
• B)used net cash of $10,500.
• C)provided net cash of $4,500.
• D)provided net cash of $10,500.

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Definitions:

Surrogate Motherhood

A form of assisted reproductive technology where a woman (surrogate mother) agrees to carry and give birth to a child for another person or couple who will become the child's parent(s) after birth.

Parthenogenesis

A form of asexual reproduction found in females where growth and development of embryos occur without fertilization by a male.

Artificial Insemination

A medical procedure that involves directly inserting sperm into a woman’s cervix or uterus to achieve pregnancy without sexual intercourse.

In Vitro Fertilization

A medical procedure whereby an egg is fertilized by sperm in a laboratory dish, and the resulting embryo is transferred to the uterus.