Gibson Company Recorded the Following Cash Transactions for the Year

question 94

Multiple Choice

Gibson Company recorded the following cash transactions for the year: Paid $180,000 for salaries.
Paid $80,000 to purchase office equipment.
Paid $20,000 for utilities.
Paid $8,000 in dividends.
Collected $350,000 from customers.
What was Gibson's net cash provided by operating activities?

• A)$150,000
• B)$70,000
• C)$170,000
• D)$142,000

---

Definitions:

Prolactin

A hormone produced by the anterior pituitary gland that stimulates milk production in mammals.

Oxytocin

Oxytocin is a hormone and neurotransmitter that plays a key role in social bonding, sexual reproduction, childbirth, and the period after childbirth, fostering attachment and trust among individuals.

Coping with Stress

Strategies and mechanisms that individuals use to manage and mitigate stressors in their lives.

Epinephrine

A hormone and neurotransmitter also known as adrenaline, secreted by the adrenal glands, that increases heart rate, contracts blood vessels, dilates air passages, and participates in the fight-or-flight response.