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Which of the following could account for a firm that has a negative net income, yet has a positive amount of cash provided by operations?
Which of the following could account for a firm that has a negative net income, yet has a positive amount of cash provided by operations?
A) The net loss was greater than the amount of depreciation expense.
B) Inventory increased significantly more than accounts payable.
C) Accounts receivable decreased by significantly more than accounts payable.
D) The cash balance increased significantly.
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