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The Following Information Should Be Used According to the Provisions

Question 10

Multiple Choice

The following information should be used according to the provisions of GAAP (Statement of Cash flows) and using the following data.
 Net income $80,000 Amortization of goodwill 2,000 Decrease in accounts receivable 2,000 Increase in inventory 3,000 Purchase of marketable securities 13,000 Sale of land for $10,000 gain 11,000 Depreciation expense 4,000 Repayment of debt 8,000 Payment of dividend 3,000 Interest payment 2,000\begin{array}{lr}\text { Net income } & \$ 80,000 \\\text { Amortization of goodwill } & 2,000 \\\text { Decrease in accounts receivable } & 2,000 \\\text { Increase in inventory } & 3,000 \\\text { Purchase of marketable securities } & 13,000 \\\text { Sale of land for } \$ 10,000 \text { gain } & 11,000 \\\text { Depreciation expense } & 4,000 \\\text { Repayment of debt } & 8,000 \\\text { Payment of dividend } & 3,000 \\\text { Interest payment } & 2,000\end{array}


-What is change in cash?


A) $81,000
B) $72,000
C) $71,000
D) $62,000

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