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:

Social Psychology

The exploration into how people's thinking, feeling, and acting are modified by the factual, envisioned, or insinuated presence of others.

Applied Researcher

A scientist or scholar who conducts practical research aimed at solving immediate, real-world problems.

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The percentage of people within a population who can read and write at a specified age.

Scientific Method

A systematic and logical approach to discovering how things in the universe work, involving observation, experimentation, and data analysis.