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New Life Corporation has just finished preparing a consolidated balance sheet, income statement, and statement of changes in retained earnings for 20X9. The following items are proposed for inclusion in the consolidated cash flow statement: New Life holds 75 percent of the voting stock of Shane Pharmaceuticals, acquired at book value on June 21, 20X6. On the date of the acquisition, the fair value of the noncontrolling interest was equal to 25 percent of the book value of Shane.
Based on the preceding information, what amount will be reported in the consolidated cash flow statement as net cash used in investing activities for 20X9?
Beyond Compliance Leadership
A leadership approach that focuses on exceeding the basic legal and regulatory requirements in business practices to achieve greater sustainability and ethical standards.
Environmental Marketing Strategy
A marketing approach that emphasizes sustainable practices and products, aiming to reduce environmental harm while meeting consumer demand.
Eco-branding
A branding approach that emphasizes environmental sustainability and responsible manufacturing practices as core values of a brand.
Clean Water Act
United States federal law aimed at reducing pollution and protecting the nation's waters, including lakes, rivers, and coastal areas.
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