Gibson Company Recorded the Following Cash Transactions for the Year

question 172

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 $310,000 from customers.
What was Gibson's net cash provided by operating activities?

• A) $110,000
• B) $30,000
• C) $130,000
• D) $102,000

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Definitions:

Paper Health Records

Traditional physical documents that contain the medical and treatment history of a patient in a healthcare provider's office.

Illegible

Referring to handwriting or print that is difficult or impossible to read due to poor handwriting, print quality, or damage.

Hand-Off Report

A communication process between healthcare providers detailing critical patient information during transitions of care.

Change in Client Status

An alteration in a patient's condition or situation which may require reassessment, modification of care plans, or emergency intervention.