Solved

Stolberg Company Reported a Net Loss of $12,000 for the Year

Question 86

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions