Question

Eduardo's Texas Cantina had the following results for December 31, 2017 and 2018 respectively   2017 2018...

Eduardo's Texas Cantina had the following results for December 31, 2017 and 2018 respectively

  2017 2018

Cash $42,000 $49,000

Noncash current assets $162,000 $175,000

Cash flows from financing activities 313,000

Cash flows from operating activities 72,000

What was the amount of cash flows from investing activities for 2018?

a. Cash outflow of $7,000

b. Cash outflow of $391,000

c. Cash inflow of $378,000

d. Cash outflow of $378,000

Business   Accounting   
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Answer #1
Beginning cash balance $         42,000
Cash flows from financing activities $       313,000
Cash flows from operating activities $         72,000
Less:
Ending Cash Balance $         49,000
Cash outflow from investing activities $       378,000
Correct Option :d. Cash outflow of $378,000
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