Rowdy's Restaurants cash flow ($ in millions) Cash received from: Customers $ 4,800 Interest on investments 400 Sale of land 300 Sale of Rowdy's common stock 1,000 Issuance of debt securities 4,000 Cash paid for: Interest on debt $ 500 Income tax 280 Debt principal reduction 3,500 Purchase of equipment 8,000 Purchase of inventory 3,000 Dividends on common stock 800 Operating expenses 900 Rowdy's would report net cash inflows (outflows) from operating activities in the amount of: Multiple Choice $(280) million. $520 million. $800 million. $1,020 million.
Rowdy's Restaurants cash flow ($ in millions) Cash received from: Customers $ 4,800 Interest on investments 400 Sale of land 300 Sale of Rowdy's common stock 1,000 Issuance of debt securities 4,000 Cash paid for: Interest on debt $ 500 Income tax 280 Debt principal reduction 3,500 Purchase of equipment 8,000 Purchase of inventory 3,000 Dividends on common stock 800 Operating expenses 900 Rowdy's would report net cash inflows (outflows) from operating activities in the amount of: Multiple Choice $(280) million. $520 million. $800 million. $1,020 million.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Rowdy's Restaurants
| Cash received from: | |||
| Customers | $ | 4,800 | |
| Interest on investments | 400 | ||
| Sale of land | 300 | ||
| Sale of Rowdy's common stock | 1,000 | ||
| Issuance of debt securities | 4,000 | ||
| Cash paid for: | |||
| Interest on debt | $ | 500 | |
| Income tax | 280 | ||
| Debt principal reduction | 3,500 | ||
| Purchase of equipment | 8,000 | ||
| Purchase of inventory | 3,000 | ||
| Dividends on common stock | 800 | ||
| Operating expenses | 900 | ||
Rowdy's would report net
Multiple Choice
-
$(280) million.
-
$520 million.
-
$800 million.
-
$1,020 million.
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