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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 260 Sale

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

CASH RECEIVED FROM:
Customers $ 2,900
Interest on investments 260
Sale of land 180
Sale of common stock 520
Issuance of debt securities 2,300
CASH PAID FOR:
Interest on debt $ 340
Income tax 100
Debt principal reduction 1,600
Purchase of equipment 4,200
Purchase of inventory 900
Dividends on common stock 290
Operating expenses 450

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

Multiple Choice

  • $1,110.

  • $(1,110).

  • $980.

  • $

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