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During 2025, operating activities

During 2025, operating activities

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Current Attempt in Progress Concord Marine Company's income statement for the year ended December 31, 2025 reported a net loss of $11300. Additional information for the period is as follows: o The cash balance increased $5,000 from the beginning to the end of the year. o The accounts receivable balance decreased $5000 from the beginning to the end of the year. o The inventory balance increased $10500 from the beginning to the end of the year. o The accounts payable balance increased by $16800 from the beginning to the end of the year. o Depreciation expense for 2025 was $9100, During 2025, operating activities O used net cash of $11300. O used net cash of $5500. O provided net cash of $9100. O provided net cash of $11300.
Transcribed Image Text:Current Attempt in Progress Concord Marine Company's income statement for the year ended December 31, 2025 reported a net loss of $11300. Additional information for the period is as follows: o The cash balance increased $5,000 from the beginning to the end of the year. o The accounts receivable balance decreased $5000 from the beginning to the end of the year. o The inventory balance increased $10500 from the beginning to the end of the year. o The accounts payable balance increased by $16800 from the beginning to the end of the year. o Depreciation expense for 2025 was $9100, During 2025, operating activities O used net cash of $11300. O used net cash of $5500. O provided net cash of $9100. O provided net cash of $11300.
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