Blocker Company Reported a Net Loss of $5,000 for the Year

question 120

Multiple Choice

Blocker Company reported a net loss of $5,000 for the year ended December 31, 2013.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 2013, operating activities

• A)used net cash of $19,000.
• B)used net cash of $27,000.
• C)provided net cash of $27,000.
• D)provided net cash of $17,000.

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Definitions:

Fibrillation

An uncoordinated twitching of the muscle fibers, particularly noted in the heart muscle.

Palpitation

A sensation in which a person is aware of an irregular, hard, or rapid heartbeat.

Cardiac Enzyme

Biomarkers measured to evaluate heart function, particularly in the diagnosis of a heart attack or myocardial infarction.

Myocardial Infarction

A medical condition characterized by the death of heart muscle due to the lack of blood supply, commonly known as a heart attack.