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26 June, 23:49

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

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  1. 27 June, 00:01
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    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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