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Baton Rouge Corporation Presented Here Are Cash Flows (In

Question 92

Multiple Choice

Baton Rouge Corporation Presented here are cash flows (in $ Millions) for Baton Rouge Corporation's most recent fiscal year:
 Cash received from:  Customers $3,600 Interest on investments 600 Sale of old equipment 4,200 Sale of company’s capital stock 410 Long-term debt proceeds2,800\begin{array}{lrr}\underline{\text { Cash received from: }}\\ \text { Customers } &\$3,600\\ \text { Interest on investments } &600\\ \text { Sale of old equipment } &4,200\\ \text { Sale of company's capital stock } &410\\ \text { Long-term debt proceeds} &2,800\\\end{array}


 Cash paid for:  Interest on debt $365 Income tax 170 Principal payments on debt 1,000 Purchase of building 800 Purchase of inventory 1,700 Dividends on capital stock 300 Operating expenses 740\begin{array}{lr}\underline{\text { Cash paid for: }}\\\text { Interest on debt } & \$ 365 \\\text { Income tax } &170 \\\text { Principal payments on debt } & 1,000 \\\text { Purchase of building } &800 \\\text { Purchase of inventory } & 1,700 \\\text { Dividends on capital stock } & 300 \\\text { Operating expenses } &740\end{array}
Net cash flows provided (used) by financing activities are ________.


A) ($890)
B) $1,740
C) $1,910
D) $2,510

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