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QUESTION 21 Bayside Company reported a net loss of $8,000 for the year...

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Accounting

QUESTION 21

  1. Bayside Company reported a net loss of $8,000 for the year ended December 31, 2019. During the year, accounts receivable increased $15,000, merchandise inventory decreased $20,000, accounts payable decreased by $20,000, and depreciation expense of $12,000 was recorded. During 2019, operating activities

    a.

    used net cash of $14,000.
    b.

    provided net cash of $8,000.
    c.

    provided net cash of $16,000.
    d.

    used net cash of $11,000.

1 points

QUESTION 22

  1. If the amount of "Cost of goods manufactured" during a period exceeds the amount of "Total manufacturing costs" for the period, then

    a.

    ending work in process is greater than the amount of the beginning work in process inventory.
    b.

    ending work in process is less than the amount of the beginning work in process inventory.
    c.

    ending work in process is equal to the cost of goods manufactured.
    d.

    ending work in process inventory is greater than or equal to the amount of the beginning work in process inventory.

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