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Deena Increported $32,000 of Cash Provided by Operating Activities and the the Following

Question 55

Multiple Choice

Deena Inc.reported $32,000 of cash provided by operating activities and the following data:  Depreciation Expense $34,000 Increase in accounts payable 9,000 Increase in wages payable 18,000 Increase in accounts receivable 9,000 Decrease in dividends payable 2,000\begin{array}{|l|r|}\hline \text { Depreciation Expense } & \$ 34,000 \\\hline \text { Increase in accounts payable } & 9,000 \\\hline \text { Increase in wages payable } & 18,000 \\\hline \text { Increase in accounts receivable } & 9,000 \\\hline \text { Decrease in dividends payable } & 2,000 \\\hline\end{array} Deena's profit/loss for the period was


A) $30,000 profit
B) $18,000 loss
C) $20,000 loss
D) $36,000 loss

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