Statement of Cash Flows - Cash from Financing Activities: Natural

question 52

Multiple Choice

Statement of Cash Flows - Cash from Financing Activities: 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 sold $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? (Round off to the nearest)

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

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Definitions:

Contrast Assumption

The assumption that objects have only one label. Also known as the mutual exclusivity assumption (if a word means one thing, then it cannot mean another).

One Label

The concept of using a single term or classification to describe or identify something, often simplifying complex attributes.

Cognitive Sophistication

The advanced level of cognitive development characterized by complex thinking processes, such as abstract reasoning and problem-solving capabilities.

Preoperational Thought

Refers to a stage in Piaget's theory of cognitive development where children aged 2 to 7 years think symbolically but are not yet able to perform operations or manipulate information in a logical way.