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 $350,000 from customers.
What was Gibson's net cash provided by operating activities?
A) $150,000
B) $70,000
C) $170,000
D) $142,000
Correct Answer:
Verified
Correct Answer:
Verified
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