Eduardo's Texas Cantina had the following results for December 31, 2016 and 2017, respectively: $$\begin{array} { l r r }
& 2016 & 2017 \
\text { Cash } & \$ 42,000 & \$ 49,000 \
\text { Noncash current assets } & 162,000 & 175,000 \
\text { Cash flows from financing activities } & & 313,000 \
\text { Cash flows from operating activities } & & 72,000
\end{array}$$ What was the amount of cash flows from investing activities for 2017?
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, 2016 and 2017, respectively: $$\begin{array} { l r r } 
& 2016 & 2017 \
\text { Cash } & \$ 42,000 & \$ 49,000 \
\text { Noncash current assets } & 162,000 & 175,000 \
\text { Cash flows from financing activities } & & 313,000 \
\text { Cash flows from operating activities } & & 72,000
\end{array}$$ What was the amount of cash flows from investing activities for 2017?
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 Answer of Eduardo's Texas Cantina had the following results for December 31, 2016 and 2017, respectively: $$\begin{array} { l r r } 
& 2016 & 2017 \
\text { Cash } & \$ 42,000 & \$ 49,000 \
\text { Noncash current assets } & 162,000 & 175,000 \
\text { Cash flows from financing activities } & & 313,000 \
\text { Cash flows from operating activities } & & 72,000
\end{array}$$ What was the amount of cash flows from investing activities for 2017?
A) Cash inflow of $378,000
B) Cash outflow of $378,000
C) Cash outflow of $7,000
D) Cash outflow of $391,000

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