Question
Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM:Customers$2,400Interest on investments290Sale of land120Sale of common stock550Issuance of
Bad Brad's BBQ had cash flows for the year as follows ($ in millions):
CASH RECEIVED FROM:Customers$2,400Interest on investments290Sale of land120Sale of common stock550Issuance of debt securities2,800CASH PAID FOR:Interest on debt$280Income tax90Debt principal reduction1,750Purchase of equipment3,600Purchase of inventory950Dividends on common stock200Operating expenses500
Bad Brad's would report net cash inflows (outflows) from financing activities in the amount of:
CASH RECEIVED FROM:
Customers$2,400
Interest on investments290
Sale of land120
Sale of common stock550
Issuance of debt securities2,800
CASH PAID FOR:
Interest on debt$280
Income tax90
Debt principal reduction1,750
Purchase of equipment3,600
Purchase of inventory950
Dividends on common stock200
Operating expenses500
Bad Brad's would report net cash inflows (outflows) from financing activities in the amount of:
Multiple Choice
- $1,520.
- $(1,520).
- $1,450.
- $1,400.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
