What was the net cash provided by operating activities

Assignment Help Accounting Basics
Reference no: EM132198310

Question - Loster Company reported a net loss of $14,104 for the year ended December 31. During the year, accounts receivable decreased by $7,802, inventory increased by $7,499, accounts payable increased by $15,637, and depreciation expense of $6,487 was recorded. What was the net cash used for or provided by operating activities during the year? Select the correct answer.

a. used net cash of $14,104.

b. used net cash of $8,323.

c. provided net cash of $14,104.

d. provided net cash of $8,323.

Reference no: EM132198310

Questions Cloud

What you would want to see as an employee working : Your assignment is to create an ethics code for a hypothetical government entity or agency in Indiana. Please describe the agency you propose.
Considered an example of valid contract : Which of following would be considered an example of a valid contract?
Calculate the net cash provided by financing activities : Dividends paid to preferred stockholders 402000. Calculate the net cash provided by financing activities during 2018
Discuss which proposal is best and why based on analysis : Discuss why you did not select the other two proposals as best based on your analysis. Discuss which proposal is best and why based on your analysis.
What was the net cash provided by operating activities : Loster Company reported a net loss of $14,104 for the year ended December 31. What was the net cash used for or provided by operating activities
Example of valid contract according to common law : Which of the following is an example of a valid contract according to common law? Unsaved A legal consideration always has to be certain.
What you believe is the most important lesson to be gleaned : In a 1-2 page essay detail what you believe is the most important lesson to be gleaned from this incident.
Compute the markup percentage on total cost : Magpie Corporation uses the total cost concept of product pricing. Compute the markup percentage on total cost for the company's product
Evaluate change management validity tools : Identify and evaluate change management validity tools.

Reviews

Write a Review

Accounting Basics Questions & Answers

  The firm decides to factor 100000 of its receivables

the firm decides to factor 100000 of its receivables without recourse instead of waiting for collections. institution

  Prepare a statement of cash flows

Nichol Corporation's comparative balance sheets are presented below. Prepare a statement of cash flows for 2015 using the indirect method

  Identify a non-us based global organization

Prepare a 1,050-1,750-word paper describing the components of its value chain.Select a non-North American country in which this organization operates.

  Find the number of runs per year

The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000 per day. Find the number of runs per year

  Pueblo purchased a similar machine last month

Pueblo Co. acquires machinery by paying $10,000 cash and signing a $5,000, 2-year, zero-interest-bearing note payable.

  Name the aicpa services trust principles five operations

Name the AICPA Services Trust Principles five operations risks? Why are these risks greater for ERP systems than for other IT systems? The five areas of operations risks are as follows

  A companys average operating assets are 220000 and its net

a companys average operating assets are 220000 and its net operating income is 44000. the company invested in a new

  Indicate direction of the effect that capitalizing the lease

Analyzing, Interpreting and Capitalizing Operating Leases The Abercrombie & Fitch 10-K report contains the following footnote relating to leasing activities.

  Determine the amount reported as a deferred tax liability

Determine the amount reported as a deferred tax liability at the end of 2013. Indicate proper classifications. Draft the income tax expense portion

  What total cost would you expect to be incurred

The average operating cost increases to 17.2 cents per mile, If a truck were driven 142,000 miles during a year, what total cost would you expect to be incurred

  Discuss what will be depreciation expense for the year

what will be Depreciation Expense for the year ended December 31, 2011, assuming that during this period the asset was used for 8,250 hours

  All of the following are examples of e-government

all of the following are examples of e-government except a. an ebay-seller sells surplus army supplies. b. a contractor

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd