Question
Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers$ 2,200 Interest on investments230 Sale of land130
Bad Brad's BBQ had cash flows for the year as follows ($ in millions):
CASH RECEIVED FROM:
Customers$ 2,200
Interest on investments230
Sale of land130
Sale of common stock570
Issuance of debt securities2,300
CASH PAID FOR:
Interest on debt$300
Income tax80
Debt principal reduction1,400
Purchase of equipment3,700
Purchase of inventory1,000
Dividends on common stock190
Operating expenses500
Bad Brad's would report net cash inflows (outflows) from operating activities in the amount of:
$850 million.
$550 million.
$360 million.
$(630) million.
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