Garret Company Has Provided the Following Selected Information for the Year

question 102

Multiple Choice

Garret Company has provided the following selected information for the year ended December 31,2011:
Cash collected from customers was $783,000.
Cash received from stockholders in exchange for 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 operations?

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

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Definitions:

Submission

The action of presenting a document, proposal, or work for review, judgment, or consideration.

Role Reversal

A situation where individuals exchange their roles or behaviors, often used as a therapeutic technique or in training to develop empathy.

Empathy

The ability to understand and share the feelings of another person.

Conflict

A situation or period where two or more parties are involved in a serious disagreement or argument.