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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
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$(3,200).
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$(3,070).
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$130.
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$(970).
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