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ABC Company had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $2,900 Interest on investments 260 Sale of land
ABC Company had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $2,900 Interest on investments 260 Sale of land 140 Sale of common stock 620 Issuance of debt securities 2,300 CASH PAID FOR: Interest on debt $ 330 Income tax 80 Debt principal reduction 1,400 Purchase of equipment 3,300 Purchase of inventory 800 Dividends on common stock 220 Operating expenses 800 Saved ABC Company would report net cash inflows (outflows) from operating activities in the amount of: Multiple Choice $930. $1,150 $1,480. $/1.230) >
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