Eduardo's Texas Cantina had the following results for December 31, 2015 and 2016, respectively: What was the amount of cash flows from investing activities for 2016?
A)Cash inflow of $378,000
B)Cash outflow of $378,000
C)Cash outflow of $7,000
D)Cash outflow of $391,000

Question

Eduardo's Texas Cantina had the following results for December 31, 2015 and 2016, respectively:  What was the amount of cash flows from investing activities for 2016?
A)Cash inflow of $378,000 
B)Cash outflow of $378,000 
C)Cash outflow of $7,000 
D)Cash outflow of $391,000

Quizplus · Accepted Answer

The cash flows from investing activities were a cash outflow of $378,000 in 2016 due to the purchase of property and equipment. This can be found in the investing activities section of the statement of cash flows.

Eduardo's Texas Cantina Had the Following Results for December 31