Question
Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers Interest on investments Sale of land
Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers Interest on investments Sale of land Sale of common stock $2,800 250 130 610 Issuance of debt securities 2,400 CASH PAID FOR: Interest on debt 340 Income tax 90 Debt principal reduction 1,800 Purchase of equipment 4,600 Purchase of inventory 950 Dividends on common stock 190 Operating expenses 600 Bad Brad's would report net cash inflows (outflows) from financing activities in the amount of: Multiple Choice $1,150.
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