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

Question

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

Quizplus · Accepted Answer

Cash flow from operations = $131,000 = $783,000 - $361,000 - $204,000 - $39,000 + $7,000 - $55,000

Garret Company Has Provided the Following Selected Information for the Year