value 1.00 points MC Qu. 88 A company\'s income statement for the year A company

Question

value 1.00 points MC Qu. 88 A company's income statement for the year A company's income statement for the year shows a net loss of $90,000. Additional information for the year follows $40,000 72,000 25,000 9,000 11,000 Depreclation Expense increase in Accounts Recelvable Decrease in Inventory Decrease in Prepald Rent Decreese in Accounts Payable What is the net cash provided by (used in) operating activities? O ($99,000) O $27,000 O$13,000 O ($45,000) References Multiple Choice MC Ou. 88 A company's income statement for the year

Explanation / Answer

Net loss (90,000) Add:Depreciation 40000 Less:increase in Ar (72000) Add:decrease in inventory 25000 Add:Decrease in prepaid rent 9000 Less:decrease in AP (11000) Net cash flow from operating activities ($99000)(A).

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