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. $(1,430) .
Bad Brad's BBQ had cash flows for the year as follows ($ 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) .
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
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 13P: Statement of Cash Flows The following are Mueller Companys cash flow activities: a. Net income,...
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Bad Brad's BBQ had
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
Multiple Choice
-
$1,140.
-
$1,320.
-
$1,610.
-
$(1,430) .
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