Critics of the National Income and Product Accounts (NIPA) argue that the accounts are outdated and fail to account for "intangibles" in our new knowledge-based economy. For example, many firms create copyrighted materials (movies, books, etc.) that, when completed, are much more valuable than just the value of the market place inputs that went into their production. What might be some of the problems associated with trying to include these intangibles in the NIPA?
A) The problem is actually minimal; the NIPA does not take the necessary steps to do the right thing.
B) The NIPA finds it difficult to place a value on something that is intangible.
C) The NIPA believes it is too easy for thieves to retrieve the information due to hackers.
D) The real problem is the timing of when to include such projects in the NIPA.

Required information lansing company’s 2017 income statement and selected balance sheet data (for current assets and current liabilities) at december 31, 2016 and 2017, follow. lansing company income statement for year ended december 31, 2017 sales revenue $130,200 expenses cost of goods sold 53,000 depreciation expense 17,500 salaries expense 29,000 rent expense 10,100 insurance expense 4,900 interest expense 4,700 utilities expense 3,900 net income $7,100 lansing company selected balance sheet accounts at december 31 2017 2016 accounts receivable $6,700 $8,000 inventory 3,080 2,090 accounts payable 5,500 6,800 salaries payable 1,100 810 utilities payable 440 270 prepaid insurance 370 500 prepaid rent 440 290 required: prepare the cash flows from operating activities section only of the company’s 2017 statement of cash flows using the indirect method. (amounts to be deducted should be indicated with a minus sign.)