Reference no: EM132198310

Question - Loster Company reported a net loss of $14,104 for the year ended December 31. During the year, accounts receivable decreased by $7,802, inventory increased by $7,499, accounts payable increased by $15,637, and depreciation expense of $6,487 was recorded. What was the net cash used for or provided by operating activities during the year? Select the correct answer.

a. used net cash of $14,104.

b. used net cash of $8,323.

c. provided net cash of $14,104.

d. provided net cash of $8,323.