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Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 3,300 Interest on investments 260 Sale
Bad Brad's BBQ had cash flows for the year as follows ($ in millions):
CASH RECEIVED FROM: | |
Customers | $ 3,300 |
Interest on investments | 260 |
Sale of land | 180 |
Sale of common stock | 620 |
Issuance of debt securities | 2,400 |
CASH PAID FOR: | |
Interest on debt | $ 350 |
Income tax | 100 |
Debt principal reduction | 1,800 |
Purchase of equipment | 4,200 |
Purchase of inventory | 1,150 |
Dividends on common stock | 270 |
Operating expenses | 750 |
Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of:
1)$(1,620).
2)$(4,020).
3)$180.
4)$(4,200).
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