Which is the right answer? Bad Brad\'s BBQ had cash flows for the year as follow

Question

Which is the right answer?

Bad Brad's BBQ had cash flows for the year as follows ($ in millions) CASH RECEIVED FROM Customers Interest on investments Sale of land Sale of common stock Issuance of debt securities $ 2,800 270 150 570 2,000 CASH PAID FOR Interest on debt Income tax Debt principal reduction Purchase of equipment Purchase of inventory Dividends on common stock Operating expenses $ 320 110 1,700 4,800 800 200 500 Bad Brad's would report net cash inflows (outflows) from financing activities in the amount of $970 $820 o $(820) O $670

Explanation / Answer

Net Cash flow from financing activities

= Sale of capital stock + Issuance of debt securities - Debt principal reduction - Dividends on capital stock

= $570 + $2,000 - $1,700 - $200 = $670

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