Robinson Company reported a net loss of $23,000 during the year.Comparing beginning and ending balances,you determine the following: (1)accounts receivable increased by $8,000;and (2)accrued expenses payable increased by $5,000.What was the amount of cash used in operating activities during the year?
A) $26,000
B) $36,000
C) $20,000
D) $10,000

Question

Quizplus · Accepted Answer

Net loss + increase in accounts receivable - increase in accrued expenses payable = cash used in operating activities$23,000 + $8,000 - $5,000 = $26,000

Robinson Company Reported a Net Loss of $23,000 During the Year.Comparing