Solved

Mustard Seed Gifts Had the Following Results for December 31,2013

Question 70

Multiple Choice

Mustard Seed Gifts had the following results for December 31,2013 and 2014,respectively: 20142013 Cash $50,000$40,000Noncash current assets 190,000160,000 Cash flows from financing activities 210,000 Cash flows from operating activities 90,000\begin{array}{ll}& \underline { 2014 }& \underline {2013} \\ \text { Cash } &\$ 50,000 & \$ 40,000 \\ \text {Noncash current assets } &190,000 & 160,000 \\ \text { Cash flows from financing activities } &210,000 & \\ \text { Cash flows from operating activities } &90,000 &\end{array} What was the amount of cash flows from investing activities for 2014?


A) Cash inflow of $290,000
B) Cash outflow of $290,000
C) Cash outflow of $10,000
D) Cash outflow of $30,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents