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The following information is for GameStop company: Net income: $50,000 Provision for bad debts: $2,000 Increase in inventory: $1,000 Increase in accounts payable: $2,000 Purchase
The following information is for GameStop company:
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Net income: $50,000
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Provision for bad debts: $2,000
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Increase in inventory: $1,000
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Increase in accounts payable: $2,000
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Purchase of new equipment: $15,000
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Sale of equipment for $10,000 gain: $20,000
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Depreciation: $5,000
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Repurchase of common stocks: $10,000
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Payment of dividends: $4,000
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Interest payments: $3,000
What is the change in cash? (Hint: Change in cash =CFO+CFI+CFF)
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