Garret Company has provided the following selected information for the year ended December 31,2019: 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 store 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.
Correct Answer:
Verified
Q99: During 2019,Sensa Corporation incurred operating expenses amounting
Q100: Mama June Pizza Company determined that dough,sauce,cheese
Q101: Which of the following transactions will not
Q102: World Coffee,Inc.has provided the following information pertaining
Q103: Which of the following statements is false?
A)The
Q105: Why might managers be tempted to violate
Q106: Describe the difference(s)with respect to the cash
Q107: Describe earnings per share,including how it's computed
Q108: What is the operating cycle? Describe a
Q109: Complete the chart below for Monticello Corporation
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents