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Marigold Corp. reported a net loss of $12300 for the year ended December 31, 2017. During the year, accounts receivable decreased $6150, inventory increased $9840, accounts payable increased by $12300, and depreciation expense of $7380 was recorded. During 2017, operating activities ________.

Sagot :

ayokenny2001

Answer:

See below

Explanation:

Computation of operating activities

Net loss

($12,300)

Add:

Depreciation expense

$7,380

Accounts payable increase

$12,300

Accounts receivable decreased

$6,150

Less:

Inventory increased

($9,840)

Operating activities

$3,690

Therefore, during 2017 operating activities used net cash of $3,690

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