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Bad Brad's BBQ Had Cash Flows for the Year as Follows

Question 40

Multiple Choice

Bad Brad's BBQ had cash flows for the year as follows ($ in millions) :
CASH RECEIVED FROM:
 Customers $1,800 Interest on investments 200 Sale of land 100 Sale of common stock 600 Issuance of debt securities 2,000 CASH PAID FOR:  Interest on debt $300 Income tax 80 Debt principal reduction 1,500 Purchase of equipment 4,000 Purchase of inventory 1,000 Dividends on common stock 200 Operating expenses 500\begin{array} { l r } \text { Customers } & \$ 1,800 \\ \text { Interest on investments } & 200 \\ \text { Sale of land } & 100 \\ \text { Sale of common stock } & 600 \\ \text { Issuance of debt securities } & 2,000 \\\text { CASH PAID FOR: }\\\text { Interest on debt } & \$ 300 \\\text { Income tax } & 80 \\\text { Debt principal reduction } & 1,500 \\\text { Purchase of equipment } & 4,000 \\\text { Purchase of inventory } & 1,000 \\\text { Dividends on common stock } & 200 \\\text { Operating expenses } & 500\end{array}

-Bad Brad's would report net cash inflows (outflows) from financing activities in the amount of:


A) $1,100.
B) $(1,100) .
C) $820.
D) $900.

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