Dayton Company Reported a Net Loss of $88,000 for the Year.During

question 33

Multiple Choice

Dayton Company reported a net loss of $88,000 for the year.During the year,the company had $22,000 of Depreciation Expense and incurred a $68,000 loss on the cash sale of equipment.In addition,the company had the following changes in balance sheet accounts during the year:
$$\begin{array} { l r } \text { Accourts Payable } & \$ 2,000 \text { decrease } \\\text { Accourts Receivable } & \$ 14,000 \text { decrease } \\\text { Merchardise Inventory } & \$ 4,000 \text { increase }\end{array}$$
Using the indirect method,what is the amount of cash provided (used) by operating activities?

• A)$10,000
• B)($10,000)
• C)$14,000
• D)($58,000)
• E)None of the answer choices is correct.

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