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Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 2,200 Interest on investments 240 Sale
Bad Brad's BBQ had cash flows for the year as follows ($ in millions):
CASH RECEIVED FROM: | |||
Customers | $ | 2,200 | |
Interest on investments | 240 | ||
Sale of land | 130 | ||
Sale of common stock | 610 | ||
Issuance of debt securities | 2,500 | ||
CASH PAID FOR: | |||
Interest on debt | $ | 280 | |
Income tax | 80 | ||
Debt principal reduction | 1,550 | ||
Purchase of equipment | 4,000 | ||
Purchase of inventory | 750 | ||
Dividends on common stock | 250 | ||
Operating expenses | 450 | ||
Bad Brad's would report net cash inflows (outflows) from investing activities in the amount o
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