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  3. question 7 (1 point) the net loss for the year was

Question 7 (1 point) The net loss for the year was $15,000. Depreciation expense was...

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Accounting

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Question 7 (1 point) The net loss for the year was $15,000. Depreciation expense was $4,000. Merchandise Inventory decreased by $3,000. Accounts Rieceivable decreased by $5,060. Accounts Payable decreased by $2,500, Income Tar Payable decreased by $5,000. Calculate the net cash provided or used by operating activities for the year. $10,500 cash used $10,500 cash provided $14,500 cash used $10,000 cash used Question 8 ( 1 point) soved What is a bond sinking fund investment? An investment that is decreasing in value A liability

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