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Bad Brad's BBQ had cash flows for the year as follows ($ in millions): Cash received from: Customers $2,900 Interest on investments 220 Sale
Bad Brad's BBQ had cash flows for the year as follows ($ in millions): Cash received from: Customers $2,900 Interest on investments 220 Sale of land 150 Sale of common stock 580 Issuance of debt securities 2,700 Cash paid for: Interest on debt $270 Income taxes 90 Debt principal reduction 1,550 Purchase of equipment 3,400 Purchase of inventory 1,000 Dividends on common stock 270 Operating expenses 600 Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of: Multiple Choice $(3,400). $150. $(3,250). $(550).
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