Robinson Company reported a net loss of $23,000 during the year comparing beginning and ending balances, you determine the following (1) accounts receivable increased by $8,000 and (2) accrued expenses payable increased by $5,000 What was the amount of cash used in operating activities during the y...

a 26000 Computation of the Cash use ...

Robinson Company reported a net loss of $23,000 during the year comparing beginning and ending balances, you

Question:

Robinson Company reported a net loss of $23,000 during the year comparing beginning and ending balances, you determine the following: (1) increased by $8,000; and (2) accrued expenses payable increased by $5,000. What was the amount of cash used in operating activities during the year?
a. $26,000
b. $36,000
c. $20,000
d. $10,000

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...