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.

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Definitions:

Thomas Theorem

The sociological theory that situations perceived as real are real in their consequences, emphasizing the importance of perception in social dynamics.

Group Interaction

The exchange of information, ideas, or feelings among members of a group, which influences the group's dynamics and effectiveness.

Unethical

Actions or behaviors that are considered wrong or immoral according to societal or professional standards.

Initiations

The actions or ceremonies that mark the beginning of something, often used in the context of welcoming new members into a group or organization.