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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 $3,300 220 120 510 Issuance of debt securities 2,600 CASH PAID FOR: Interest on debt Income tax $ 300 90 Debt principal reduction 1,800 Purchase of equipment 5,000 Purchase of inventory 1,000 Dividends on common stock 190 Operating expenses 400 ABC Company would report net cash inflows (outflows) from investing activities in the amount of: Multiple Choice $(5,000). $120. $(2,280). $(4,880)
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