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Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $1,800 Interest on investments 200 Sale of
Bad Brad's BBQ had cash flows for the year as follows ($ in millions):
CASH RECEIVED FROM: | |
Customers | $1,800 |
Interest on investments | 200 |
Sale of land | 100 |
Sale of common stock | 600 |
Issuance of debt securities | 2,000 |
CASH PAID FOR: | |
Interest on debt | $300 |
Income tax | 80 |
Debt principal reduction | 1,500 |
Purchase of equipment | 4,000 |
Purchase of inventory | 1,000 |
Dividends on common stock | 200 |
Operating expenses | 500 |
Bad Brad's would report net cash inflows (outflows) from financing activities in the amount of:
$1,100. | ||
($1,100). | ||
$820. | ||
$900. |
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