Garret Company Has Provided the Following Selected Information for the Year

question 64

Multiple Choice

Garret Company has provided the following selected information for the year ended December 31, 2014: Cash collected from customers was $783,000.
Cash received from stockholders in exchange for common stock totaled $91,000.
Cash paid to suppliers was $361,000.
Cash paid to employees was $204,000.
Cash to stockholders for dividends was $33,000.
Cash received from sale of a building was $250,000.
Cash paid for rent was $39,000.
Cash received for interest and dividends was $7,000.
Cash paid for income taxes was $55,000.
Based on the selected information provided, how much was Garret's cash flow from operating activities?

• A) $131,000.
• B) $98,000.
• C)$381,000.
• D)$222,000.

Know the implications of unauthorized practice of law (UPL) and how it applies to paralegals.

Comprehend the importance of disclosing one’s status as a paralegal in professional relationships.

Understand the concept of “ethical walls” and how they are used to manage conflicts of interest.

Recognize the regulatory environment surrounding paralegals including licensing, certification, and regulation by ethical codes.

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Definitions:

MAOIs

A class of antidepressant drugs that work by inhibiting the action of monoamine oxidase, an enzyme that breaks down neurotransmitters in the brain.

Diet

The sum of food consumed by an organism or individual, which can significantly impact health and well-being.

High Blood Pressure

A condition where the force of the blood against the artery walls is too high, often leading to health problems.

MAO Inhibitors

A class of antidepressant drugs that work by inhibiting the activity of monoamine oxidase, an enzyme responsible for breaking down neurotransmitters in the brain.