Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers$3,300 Interest on investments 290 Sale of land 110 Sale of common stock 560 Issuance of debt securities 2,800 CASH PAID FOR: Interest on debt$290 Income tax 120 Debt principal reduction 1,550 Purchase of equipment 4,300 Purchase of inventory 900 Dividends on common stock 200 Operating expenses 600 Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of: Multiple Choice $110. $(1,390). $(4,300). $(4,190).

Cash flow from investing activities seems to be the cash earned (or spent) on fixed or non-current…

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

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 5MC

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


CASH RECEIVED FROM:
Customers	$	3,300
Interest on investments		290
Sale of land		110
Sale of common stock		560
Issuance of debt securities		2,800

CASH PAID FOR:
Interest on debt	$	290
Income tax		120
Debt principal reduction		1,550
Purchase of equipment		4,300
Purchase of inventory		900
Dividends on common stock		200
Operating expenses		600

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

Multiple Choice

$110.
$(1,390).
$(4,300).
$(4,190).

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