Catalina Company Reported a Net Loss of $10,000 for the Year

question 190

Multiple Choice

Catalina Company reported a net loss of $10,000 for the year ended December 31, 2014. During the year, accounts receivable decreased $5,000, inventory increased $8,000, accounts payable increased by $10,000, and depreciation expense of $6,000 was recorded. During 2014, operating activities

• A) used net cash of $3,000.
• B) used net cash of $7,000.
• C) provided net cash of $3,000.
• D) provided net cash of $7,000.

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Definitions:

Respiratory Diseases

Disease that affect the respiratory system, which are the organs involved in breathing (the nose, throat, larynx, trachea, bronchi, and lungs).

Motor Vehicle Fatalities

Deaths that occur as a result of injuries sustained from traffic accidents involving motor vehicles.

Population Growth

The increase in the number of individuals in a population, often influenced by birth rates, mortality rates, and migration.

Statistics Canada

The national statistical office of Canada, which provides economic, social, and census data.