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Presented here are cash flows (in $ Millions) for Valley Mills Enterprises' most recent fiscal year. Cash received from: Customers $2,500 Interest on investments 300
Presented here are cash flows (in $ Millions) for Valley Mills Enterprises' most recent fiscal year.
Cash received from: | |
Customers | $2,500 |
Interest on investments | 300 |
Sale of old equipment | 250 |
Sale of company's capital stock | 800 |
Long-term debt proceeds | 1,700 |
Cash paid for: | |
Interest on debt | $300 |
Income tax | 130 |
Principal payments on debt | 900 |
Purchase of building | 5,000 |
Purchase of inventory | 1,800 |
Dividends on capital stock | 400 |
Operating expenses | 825 |
Net cash flows provided (used) by operating activities (direct method) are ________.
Group of answer choices
($255)
($525)
($755)
$570
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