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Makovka662 [10]
3 years ago
7

Loster Company reported a net loss of $17,017 for the year ended December 31. During the year, accounts receivable decreased by

$7,476, inventory increased by $5,997, accounts payable increased by $15,357, and depreciation expense of $5,495 was recorded. What was the net cash used for or provided by operating activities during the year
Business
1 answer:
Goshia [24]3 years ago
5 0

Answer:

The answer is $5,314

Explanation:

Net loss ($17,017)

Add back:

Depreciation expense. $5,495

($11,522)

Changes in working capital:

Decrease accounts receivable $7,476

Increase Inventory. ($5,997)

Increase accounts payable. $15,357

Net cash provided by operating activities. $5,314

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