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 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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