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Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 2,500 Interest on investments 290 Sale
Bad Brad's BBQ had cash flows for the year as follows ($ in millions):
CASH RECEIVED FROM: | |
Customers | $ 2,500 |
Interest on investments | 290 |
Sale of land | 130 |
Sale of common stock | 520 |
Issuance of debt securities | 2,300 |
CASH PAID FOR: | |
Interest on debt | $280 |
Income tax | 90 |
Debt principal reduction | 1,650 |
Purchase of equipment | 4,300 |
Purchase of inventory | 950 |
Dividends on common stock | 230 |
Operating expenses | 750 |
Bad Brad's would report net cash inflows (outflows) from operating activities in the amount of:
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