Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers$3,000 Interest on investments 220 Sale of land 180 Sale of common stock 540 Issuance of debt securities 2,400 CASH PAID FOR: Interest on debt$290 Income tax 110 Debt principal reduction 1,650 Purchase of equipment 4,000 Purchase of inventory 750 Dividends on common stock 180 Operating expenses 750 Bad Brad's would report net cash inflows (outflows) from operating activities in the amount of: Multiple Choice $1,140. $1,320. $1,610. $(1,430) .

A cash flow statement is known as a statement to evaluate the financial position of the business i.e…

Answered: Bad Brad's BBQ had cash flows for the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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


CASH RECEIVED FROM:
Customers	$	3,000
Interest on investments		220
Sale of land		180
Sale of common stock		540
Issuance of debt securities		2,400

CASH PAID FOR:
Interest on debt	$	290
Income tax		110
Debt principal reduction		1,650
Purchase of equipment		4,000
Purchase of inventory		750
Dividends on common stock		180
Operating expenses		750

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

Multiple Choice

$1,140.
$1,320.
$1,610.
$(1,430) .

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