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.

---

Definitions:

Trademark Infringement

Using a trademark or service mark without permission on goods and/or services, in a way that could confuse, mislead, or cause errors about who provides the goods and/or services.

Consumer Confusion

A situation where consumers make an incorrect assumption about the nature, qualities, or origin of goods or services.

Patent Invalid

Refers to a patent deemed not enforceable or void because it lacks novelty, is obvious, or fails to meet other statutory requirements.

Patent Application

A formal request submitted to a patent office for the grant of a patent for the new invention described in the application.