Bad Brad's BBQ had cash flows for the year as follows ($ in millions):
CASH RECEIVED FROM:
C...
Business, 13.08.2021 01:00 Emanuelle7474
Bad Brad's BBQ had cash flows for the year as follows ($ in millions):
CASH RECEIVED FROM:
Customers $ 2,900
Interest on investments 290
Sale of land 110
Sale of capital stock 600
Issuance of debt securities 2,100
CASH PAID FOR:
Interest on debt $310
Income tax 100
Debt principal reduction 1,600
Purchase of equipment 3,400
Purchase of inventory 800
Dividends on capital stock 180
Operating expenses 650
Bad Brad's would report net cash inflows (outflows) from operating activities in the amount of:
a. $1,150 million.
b. $1,330 million.
c. $1,640 million.
d. $(1,430) million.
Answers: 2
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