Mustard Seed Gifts had the following results for December 31, 2013 and 2014 respectively:   2014 2013 Cash $50,000 $40,000 Noncash Current Assets 190,000 160,000 Cash flows from Financing Activities 210,000   Cash flows from Operating Activities 90,000   What was the amount of cash flows from Investing Activities for 2014? a Cannot be determined b Cash outflow of $30,000 c Cash outflow of $290,000 d Cash outflow of $10,000 e Cash inflow of $290,000

Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter16: Statement Of Cash Flows
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Mustard Seed Gifts had the following results for December 31, 2013 and 2014 respectively:

  2014 2013
Cash $50,000 $40,000
Noncash Current Assets 190,000 160,000
Cash flows from Financing Activities 210,000  
Cash flows from Operating Activities 90,000  

What was the amount of cash flows from Investing Activities for 2014?

a
Cannot be determined
b
Cash outflow of $30,000
c
Cash outflow of $290,000
d
Cash outflow of $10,000
e
Cash inflow of $290,000
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