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

Question 117

Multiple Choice

Eduardo's Texas Cantina had the following results for December 31, 2016 and 2017, respectively: 20162017 Cash $42,000$49,000 Noncash current assets 162,000175,000 Cash flows from financing activities 313,000 Cash flows from operating activities 72,000\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

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