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.

Question

Quizplus · Accepted Answer

The Answer of 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.

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