Hayden Co.reported $26,000 of cash provided by operating activities and the following data: $$\begin{array} { l r }
\text { Amortization } & \$ 45,000 \
\text { Increase in accountspayable } & 12,000 \
\text { Increase in wagespayable } & 8,000 \
\text { Increase in inventory } & 9,000 \
\text { Decrease in taxes payable } & 2,000
\end{array}$$
Hayden's net income\loss for the period was:
A)$10,000 income
B)$54,000 loss
C)$28,000 loss
D)$8,000 loss

Question

Hayden Co.reported $26,000 of cash provided by operating activities and the following data: $$\begin{array} { l r } 
\text { Amortization } & \$ 45,000 \
\text { Increase in accountspayable } & 12,000 \
\text { Increase in wagespayable } & 8,000 \
\text { Increase in inventory } & 9,000 \
\text { Decrease in taxes payable } & 2,000
\end{array}$$
Hayden's net income\loss for the period was:
A)$10,000 income
B)$54,000 loss
C)$28,000 loss
D)$8,000 loss

Quizplus · Accepted Answer

The Answer of Hayden Co.reported $26,000 of cash provided by operating activities and the following data: $$\begin{array} { l r } 
\text { Amortization } & \$ 45,000 \
\text { Increase in accountspayable } & 12,000 \
\text { Increase in wagespayable } & 8,000 \
\text { Increase in inventory } & 9,000 \
\text { Decrease in taxes payable } & 2,000
\end{array}$$
Hayden's net income\loss for the period was:
A)$10,000 income
B)$54,000 loss
C)$28,000 loss
D)$8,000 loss

Hayden Coreported $26,000 of Cash Provided by Operating Activities and the the Following