Zaire Company Had A $26,000 Net Loss From Operations. Depreciation Expense For The Year Was $9,600, And A Dividend Of $2,000 Was Declared And Paid. The Balances Of The Current Asset And Current Liability Accounts At The Beginning And End Of The Year Are As Follows: End Beginning Cash $3,500 $7,000 Accounts Receivable 16,000 27,000 Inventory 51,000 53,000 Prepaid Expenses 5,000 9,000 Accounts Payable 12,000 8,000 Accrued Liabilities 6,000 7,600 Did Zaire Company’s Operating Activities Provide Or Use Cash? Use The Indirect Method To Determine Your Answer. Use Negative Signs With Cash Outflow Answers And To Indicate Operating Activities Used Cash, If Applicable.

Zaire Company had a $26,000 net loss from operations. Depreciation expense for the year was $9,600, and a dividend of $2,000 was declared and paid. The balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End Beginning Cash $3,500 $7,000 Accounts receivable 16,000 27,000 Inventory 51,000 53,000 Prepaid expenses 5,000 9,000 Accounts payable 12,000 8,000 Accrued liabilities 6,000 7,600 Did Zaire Company’s operating activities provide or use cash? Use the indirect method to determine your answer. Use negative signs with cash outflow answers and to indicate operating activities used cash, if applicable.

- November 14, 2022 - Edwin Tunner

Zaire Company had a $26,000 net loss from operations. Depreciation expense for the year was $9,600, and a dividend of $2,000 was declared and paid. The balances of the current asset and current liability accounts at the beginning and end of the year are as follows:

	End	Beginning
Cash	$3,500	$7,000
Accounts receivable	16,000	27,000
Inventory	51,000	53,000
Prepaid expenses	5,000	9,000
Accounts payable	12,000	8,000
Accrued liabilities	6,000	7,600

Did Zaire Company’s operating activities provide or use cash? Use the indirect method to determine your answer.

Use negative signs with cash outflow answers and to indicate operating activities used cash, if applicable.

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