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Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: $2,700 Customers Interest on investments 250 Sale of
Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: $2,700 Customers Interest on investments 250 Sale of land 180 Sale of common stock 640 Issuance of debt securities 2,400 CASH PAID FOR: Interest on debt 270 80 Income tax Debt principal reduction Purchase of equipment Purchase of inventory Dividends on common stock Operating expenses 1,750 3,000 800 210 750 Bad Brad's would report net cash inflows (outflows) from financing activities in the amount of: Multiple Choice $1,260. $(1,260)
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