Buster Company Reported a Net Loss of $6,000 for the Year

question 67

Multiple Choice

Buster Company reported a net loss of $6,000 for the year ended December 31, 2011.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 2011, operating activities

• A)used net cash of $20,000.
• B)used net cash of $28,000.
• C)provided net cash of $28,000.
• D)provided net cash of $18,000.

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Liberia

A West African country founded in the 19th century by freed slaves from the United States.

African Americans

A racial or ethnic group in the United States with ancestry traced to Africa, particularly those whose ancestors were forced into slavery.

Spanish Settlement

Refers to the colonies and territories established by Spain across the Americas, Asia, and the Pacific from the late 15th to early 19th centuries, part of the broader Spanish colonization.

California

A state located on the west coast of the United States, known for its diverse geography, economy, and as a cultural and technological hub.