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Posted: March 15th, 2024
Pace ACC 203 Bad Brad’s BBQ had cash flows for the year as follows ($ in millions):
Bad Brad's BBQ had cash flows for the year as follows ($ in millions):CASH RECEIVED FROM:Customers$ 2,200Interest on investments230Sale of land130Sale of common stock570Issuance of debt securities2,300CASH PAID FOR:Interest on debt$300Income tax80Debt principal reduction1,400Purchase of equipment3,700Purchase of inventory1,000Dividends on common stock190Operating expenses500Bad Brad's would report net cash inflows (outflows) from operating activities in the amount of:$850 million.$550 million.$360 million.$(630) million.
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