Buster Company reported a net loss of $3,000 for the year ended December 31, 2008. 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 2007, operating activities:.
a) used net cash of $1,000.
b) used net cash of $14,000.
c) provided net cash of $14,000.
d) provided net cash of $9,000.
Answers: 3
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