Bad Brad's BBQ had cash flows for the year as follows ($ in millions): Cash received from: Customers Interest on investments. Sale of land Sale of common stock Issuance of debt securities Cash paid for: $2,600 220 150 600 2,100 $290 80 Interest on debt Income taxes Debt principal reduction Purchase of equipment Purchase of inventory Dividends on common stock Operating expenses Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of: 1,650 3,100 950 290 400
Bad Brad's BBQ had cash flows for the year as follows ($ in millions): Cash received from: Customers Interest on investments. Sale of land Sale of common stock Issuance of debt securities Cash paid for: $2,600 220 150 600 2,100 $290 80 Interest on debt Income taxes Debt principal reduction Purchase of equipment Purchase of inventory Dividends on common stock Operating expenses Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of: 1,650 3,100 950 290 400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Bad Brad's BBQ had cash flows for the year as follows ($ in millions):
Cash received from:
Customers
Interest on investments
Sale of land
Sale of common stock.
Issuance of debt securities
Cash paid for:
Interest on debt
$2,600
220
150
600
2,100
$290
80
Income taxes
Debt principal reduction
Purchase of equipment
Purchase of inventory
Dividends on common stock
Operating expenses
Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of:
1,650
3,100
950
290
400
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