Natural Lite, Inc

question 74

Multiple Choice

Natural Lite, Inc. reported the following items during fiscal 2010. The firm purchased marketable securities of $87,500, paid down a long-term loan in the amount of $650,000, purchased $4,250,000 of new equipment. The firm also issued $6,250,000 of common stock, paid $350,225 in dividends to its common shareholders, and repurchased $1,250,000 of common stock in the open market. What is the net cash provided by financing activities?

• A) $4,575,210
• B) $1,733,285
• C) $3,999,775
• D) $2,467,915

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Definitions:

Cancer

A disease characterized by uncontrolled cell growth and the potential to invade or spread to other parts of the body.

Strokes

A medical condition that occurs when the blood supply to part of the brain is cut off, leading to brain damage and possibly causing paralysis, speech and language problems, and death.

Diabetes

A chronic condition characterized by high levels of sugar in the blood, caused by inadequate insulin production or response.

Biopsychosocial Model

An interdisciplinary model that examines the interconnection between biology, psychology, and socio-environmental factors in understanding health and illness.