Flynn Company Reported a Net Loss of $30,000 for the Year

question 73

Multiple Choice

Flynn Company reported a net loss of $30,000 for the year ended December 31, 2011.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 2011, operating activities

• A)used net cash of $6,000.
• B)used net cash of $24,000.
• C)provided net cash of $6,000.
• D)provided net cash of $24,000.