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Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 3,500 Interest on investments 260 Sale
Bad Brad's BBQ had cash flows for the year as follows ($ in millions):
CASH RECEIVED FROM: | |||
Customers | $ | 3,500 | |
Interest on investments | 260 | ||
Sale of land | 150 | ||
Sale of common stock | 630 | ||
Issuance of debt securities | 2,500 | ||
CASH PAID FOR: |
Interest on debt | $ | 310 | |
Income tax | 140 | ||
Debt principal reduction | 1,750 | ||
Purchase of equipment | 3,400 | ||
Purchase of inventory | 1,150 | ||
Dividends on common stock | 260 | ||
Operating expenses | 550 |
Bad Brad's would report net cash inflows (outflows) from financing activities in the amount of:
$1,170.
$1,120.
$(1,270).
$1,270.
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