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.

---

Definitions:

Ultimate Consumer

The end-user of a product or service who purchases or experiences it for personal use, not for resale or further production.

Augmented Reality

A technology that superimposes a computer-generated image on a user's view of the real world, providing a composite view.

Experiential Retail

Experiential Retail refers to a store concept that offers customers interactive experiences and unique encounters beyond the traditional buying of goods.

Bricks And Clicks

Bricks And Clicks is a business model by which a company integrates both online (clicks) and offline (bricks) presences, often including retail stores and an online store.