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

Question

Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 2,800 Interest on investments 240 Sale of land 120 Sale of common stock 610 Issuance of debt securities 2,500 CASH PAID FOR: Interest on debt $ 320 Income tax 170 Debt principal reduction 1,550 Purchase of equipment 3,300 Purchase of inventory 1,100 Dividends on common stock 220 Operating expenses 550 Bad Brad's would report net cash inflows (outflows) from financing activities in the amount of: $(1,460). $1,340. $1,240. $1,460.

Explanation / Answer

Net cash inflows (outflows) from financing activities = 610+2500-1550-220= 1340

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