Fare Company Reported a Net Loss of $31,000 for the Year

question 20

Multiple Choice

Fare Company reported a net loss of $31,000 for the year ended December 31, 2013.During the year, accounts receivable decreased $15,000, merchandise inventory increased $24,000, accounts payable increased by $30,000, and depreciation expense of $15,000 was recorded.During 2013, operating activities

• A)used net cash of $5,000.
• B)used net cash of $23,000.
• C)provided net cash of $5,000.
• D)provided net cash of $23,000.

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