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Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 2,900 Interest on investments 240 Sale
Bad Brad's BBQ had cash flows for the year as follows ($ in millions):
CASH RECEIVED FROM: | |
Customers | $ 2,900 |
Interest on investments | 240 |
Sale of land | 100 |
Sale of common stock | 620 |
Issuance of debt securities | 2,800 |
CASH PAID FOR: | |
Interest on debt | $310 |
Income tax | 90 |
Debt principal reduction | 1,750 |
Purchase of equipment | 3,200 |
Purchase of inventory | 1,000 |
Dividends on common stock | 270 |
Operating expenses | 450 |
Bad Brad's would report net cash inflows (outflows) from operating activities in the amount of:
$1,020.
$(1,380) .
$1,290.
$1,600.
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