General Farm Management:

Situation: Farmer Jones has cash farm revenue for the year totaling $150,000. His cash farm operating expenses for the year equal $100,000. His depreciation for the year equals $30,000. The value of his grain inventory decreased from the beginning of the year by $10,000. He also reduced his accounts payable by $10,000 during the year. Using only the information, match the amount to the correct category. A letter can be used more than once, and some letters may not be used.

A. $10,000

B. $140,000

C. $50,000

D. $20,000

E. $30,000

F. None of these

G. $130,000

Net cash income=

Total expenses (cash accounting)=

Total expenses (accrual accounting)=

Value of farm production=

Net farm income (cash accounting)

Net farm income (accrual accounting)