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Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 2,300 Interest on investments 250 Sale
Bad Brad's BBQ had cash flows for the year as follows ($ in millions):
CASH RECEIVED FROM: | |
Customers | $ 2,300 |
Interest on investments | 250 |
Sale of land | 90 |
Sale of common stock | 510 |
Issuance of debt securities | 2,300 |
CASH PAID FOR: | |
Interest on debt | $ 350 |
Income tax | 130 |
Debt principal reduction | 1,600 |
Purchase of equipment | 3,200 |
Purchase of inventory | 1,100 |
Dividends on common stock | 220 |
Operating expenses | 700 |
Bad Brad's would report net cash inflows (outflows) from financing activities in the amount of:
$690.
$990.
$(1,080).
$1,080.
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