Eduardo's Texas Cantina had the following results for December 31,2017 and 2018,respectively:$\begin{array}{lrr}&2017&2018\
\text { Cash } & \$ 42,000 & \$ 49,000 \
\text { Noncash current assets } & 162,000 & 175,000 \
\text { Cash flows from financing activities } & & 313,000 \
\text { Cash flows from operating activities } & & 72,000
\end{array}$ What was the amount of cash flows from investing activities for 2018?

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 31,2017 and 2018,respectively:$\begin{array}{lrr}&2017&2018\
\text { Cash } & \$ 42,000 & \$ 49,000 \
\text { Noncash current assets } & 162,000 & 175,000 \
\text { Cash flows from financing activities } & & 313,000 \
\text { Cash flows from operating activities } & & 72,000
\end{array}$ What was the amount of cash flows from investing activities for 2018?

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 31,2017 and 2018,respectively:$\begin{array}{lrr}&2017&2018\
\text { Cash } & \$ 42,000 & \$ 49,000 \
\text { Noncash current assets } & 162,000 & 175,000 \
\text { Cash flows from financing activities } & & 313,000 \
\text { Cash flows from operating activities } & & 72,000
\end{array}$ What was the amount of cash flows from investing activities for 2018?

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 31,2017