Reference no: EM13124309
Buster Company reported a net loss of $3,000 for the year ended December 31, 2007. During the year, accounts receivable decreased $7,000, merchandise inventory increased $5,000, accounts payable increased 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.
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