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ABC Company had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers Interest on investments Sale of land Sale of
ABC Company had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers Interest on investments Sale of land Sale of common stock $2,400 250 80 550 Issuance of debt securities 2,400 CASH PAID FOR: Interest on debt $ 300 Income tax 170 Debt principal reduction 1,600 Purchase of equipment 3,500 Purchase of inventory 1,000 Dividends on common stock 210 Operating expenses 500 ABC Company would report net cash inflows (outflows) from financing activities in the amount of: Multiple Choice $1,220. $1,140. $990. $(1,220)
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