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Rowdy's Restaurants cash flow ($ in millions) Cash received from: Customers $ 3,150 Interest on investments 290 Sale of land 190 Sale of Rowdy's capital
Rowdy's Restaurants cash flow ($ in millions)
Cash received from: | |||
Customers | $ | 3,150 | |
Interest on investments | 290 | ||
Sale of land | 190 | ||
Sale of Rowdy's capital stock | 780 | ||
Issuance of debt securities | 2,900 | ||
Cash paid for: | |||
Interest on debt | $ | 390 | |
Income tax | 170 | ||
Debt principal reduction | 2,400 | ||
Purchase of equipment | 5,800 | ||
Purchase of inventory | 1,900 | ||
Dividends on capital stock | 470 | ||
Operating expenses | 680 | ||
|
Rowdy's would report net cash inflows (outflows) from financing activities in the amount of:
A)$(1,280)
B)$1,280
C)$810
D)$(640)
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