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Emerald Inc. reported the following information for Year 1 and Year 2: Year 1 Year 2 Cash $ 20,000 $ 29,000 Noncash current assets 150,000
Emerald Inc. reported the following information for Year 1 and Year 2: Year 1 Year 2 Cash $ 20,000 $ 29,000 Noncash current assets 150,000 162,000 Cash flows from financing activities 250,000 Cash flows from operating activities 60,000 Which of the following is the amount of net cash flow from investing activities for Year 2? a. Cash outflow of $301,000 b. Cash inflow of $300,000 c. Cash outflow of $250,000 d. Cash inflow of 45,000
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