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Baxter Company reported a net loss of $13,658 for the year ended December 31. During the year, accounts receivable decreased by $5,287, merchandise inventory increased
Baxter Company reported a net loss of $13,658 for the year ended December 31. During the year, accounts receivable decreased by $5,287, merchandise inventory increased by $11,777, accounts payable increased by $8,262, and depreciation expense of $4,892 was recorded. During the year, operating activities under the indirect method
a.provided net cash of $6,994
b.used net cash of $13,658
c.provided net cash of $13,658
d.used net cash of $6,994
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