3 Need help ASAP Question 3 Buster Company reported a net loss of $3,000 for the

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3 Need help ASAP

Question 3

Buster Company reported a net loss of $3,000 for the year ended December 31, 2011. During the year, accounts receivable increased $7,000, merchandise inventory decreased $5,000, accounts payable decreased by $10,000, and depreciation expense of $5,000 was recorded. During 2010, operating activities

used net cash of $10,000.

provided net cash of $14,000.

used net cash of $14,000.

provided net cash of $9,000.

used net cash of $10,000.

provided net cash of $14,000.

used net cash of $14,000.

provided net cash of $9,000.

Explanation / Answer

used net cash of $10,000. Statement showing computations Particulars Amount Net Income(Loss)             (3,000.00) Depreciation Expense                5,000.00 Increase in Accounts receivable             (7,000.00) Decrease in Merchandise Inventory                5,000.00 Decrease in Accounts Payable           (10,000.00) Net cash provided (Used) by operating activities           (10,000.00)

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