47.Loster Company reported a net loss of $14,104 for the year ended December 31. During...
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47.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.
47.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.
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