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Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 2,400 Interest on investments 250 Sale

Bad Brad's BBQ had cash flows for the year as follows ($ in millions):

CASH RECEIVED FROM:
Customers $ 2,400
Interest on investments 250
Sale of land 130
Sale of common stock 600
Issuance of debt securities 2,100
CASH PAID FOR:
Interest on debt $ 300
Income tax 100
Debt principal reduction 1,450
Purchase of equipment 3,200
Purchase of inventory 1,150
Dividends on common stock 260
Operating expenses 500

Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of:

Multiple Choice

  • $(3,200).

  • $(3,070).

  • $130.

  • $(970).

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