Question

Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 3,300 Interest on investments 220 Sale of land 110 Sale of common stock 520 Issuance of debt securities 2,300 CASH PAID FOR: Interest on debt $ 310 Income tax 90 Debt principal reduction 1,650 Purchase of equipment 4,900 Purchase of inventory 850 Dividends on common stock 280 Operating expenses 550 Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of: $(2,490). $110. $(4,790). $(4,900).

Answer 1

Answer:

$(4,790)

Explanation:

Calculation for what Bad Brad's would report in the net cash inflows (outflows) from investing activities

CASH RECEIVED FROM:

Sale of land $110

LESS:CASH PAID FOR:

Purchase of equipment $4,900

Net cash inflows (outflows) from investing activities $(4,790)

Therefore Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of:$(4,790) million.