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The following are balances from XYZ company financial statements as of 31/12/2019: Account 2018 2019 Marketable Securities $13,000 $14,000 Accounts Receivable $12,000 $12,000 Inventory $35,000
The following are balances from XYZ company financial statements as of 31/12/2019:
Account | 2018 | 2019 |
Marketable Securities | $13,000 | $14,000 |
Accounts Receivable | $12,000 | $12,000 |
Inventory | $35,000 | $30,000 |
Gross Fixed Assets | $90,000 | $94,000 |
Accounts Payable | $12,000 | $18,000 |
Notes payable | $17,000 | $15,000 |
Net profits after taxes | $35,000 | $34,000 |
Depreciation | -$16,000 | -$18,000 |
Selling Expenses | -$10,000 | -$8,000 |
Dividends | -$25,000 | -$30,000 |
Retained Earnings | $20,000 | $22,000 |
Common share | $10,000 | $11,000 |
In the statement of cashflows, the net increase in cash and marketable securities for 2019 is?
Select one:
a. $34,000
b. $28,000
c. $32,000
d. $26,000
e. $30,000
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