Refer to Exhibit 22-3.Net cash provided (used) in the operating activities section of Tony's 2011 statement of cash flows was

A) $(40, 000)
B) $ 50, 000
C) $ 52, 000
D) $ 56, 000

Net Loss

The result when a company's expenses exceed its revenues during a specified period, indicating a negative profit.

Accumulated Depreciation

Accumulated Depreciation represents the total amount of depreciation expense that has been recorded over time for long-term assets, reducing their book value.

Bonds Payable

Bonds payable are long-term debt instruments issued by corporations or governments to raise capital, where the issuer agrees to pay back the principal along with interest at a specified date.