Baxter Company Reported a Net Loss of $13,000 for the Year

question 38

Multiple Choice

Baxter Company reported a net loss of $13,000 for the year ended December 31, 2010. During the year, accounts receivable decreased $5,000, merchandise inventory increased $8,000, accounts payable increased by $10,000, and depreciation expense of $4,000 was recorded. During 2010, operating activities

• A) provided net cash of $8,000.
• B) provided net cash of $2,000.
• C) used net cash of $8,000.
• D) used net cash of $2,000.

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Definitions:

Insomnia

A sleep disorder characterized by difficulty falling asleep, staying asleep, or both.

Asthma

A medical problem marked by narrowing of the trachea and bronchi, which results in shortness of breath, wheezing, coughing, and a choking sensation.

Shortness Of Breath

A condition, also known as dyspnea, where an individual experiences a sensation of difficult or uncomfortable breathing.

Wheezing

A high-pitched whistling sound made while breathing, typically associated with difficulty breathing and often seen in conditions like asthma.