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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Definitions:

Collective-individual

Pertains to how individual actions or behaviors are influenced by, or contribute to, the collective group dynamics or outcomes.

Proactive Socialization

The process in which newcomers play an active role in their own socialization through the use of a number of proactive socialization behaviours.

Experienced Members

People within a group or organization who have accrued significant knowledge or expertise through extended participation or involvement.

Social Aspects

Features related to the interactions, structures, and dynamics within societies and between individuals and groups.