Kate's Fashions Ltd

question 127

Multiple Choice

Kate's Fashions Ltd. produces and sells high fashion merchandise. For the year ended June 30, 2013, the company reported $85,000 cash provided by operating activities, $18,000 by investing activities, and $49,000 by financing activities. Kate's Fashions paid $22,000 in dividends and spent $35,000 for new equipment. Its free cash flow for 2013 was

• A)$95,000.
• B)$63,000.
• C)$50,000.
• D)$28,000.

---

Definitions:

Noncytotoxic Solution

A solution that is not harmful to cells; it does not damage or destroy cellular structures.

Contaminated

Something that has been made impure, polluted, or infected by contact or association with harmful substances or organisms.

Gauze

A thin, transparent fabric with a loose open weave, used in dressing wounds to absorb fluid and protect the wound from infection.

Absorbent Dressing

A type of medical dressing designed to absorb bodily fluids from wounds, promoting a suitable environment for healing.