Multiple Choice
Stolberg Company reported a net loss of $12,000 for the year ended December 31, 2022.During the year, accounts receivable decreased $28,000, inventory increased $20,000, accounts payable increased by $30,000, and depreciation expense of $24,000 was recorded.During 2022, operating activities
A) used net cash of $14,000.
B) used net cash of $50,000.
C) provided net cash of $50,000.
D) provided net cash of $74,000.
Correct Answer:

Verified
Correct Answer:
Verified
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