Assessment 9: Guadalupe, Inc. provided

$5,000

of...\ Guadalupe, Inc. provided

$5,000

of services in Year 1 but did not collect cash from its customers until Year 2 . Select the correct answer from the following options assuming Guadalupe used accrual accounting.\ Multiple Choice\ The Company will recognize

$5,000

of revenue and

$5,000

of cash flow from operations in Year 1.\ The Company will recognize zero of revenue in Year 1 and

$5,000

of cash flow from operations in Year 2.\ The Company will recognize

$5,000

of cash flow from operations in Year 1 and

$5,000

of revenue in Year 2.\ The Company will recognize

$5,000

of revenue in Year 1 and

$5,000

of cash flow from operations in Year 2 .

Assessment 9: Guadalupe, Inc. provided $5,000 of... Guadalupe, Inc. provided $5,000 of services in Year 1 but did not collect cash from its customers until Year 2 . Select the correct answer from the following options assuming Guadalupe used accrual accounting. Multiple Choice The Company will recognize $5,000 of revenue and $5,000 of cash flow from operations in Year 1. The Company will recognize zero of revenue in Year 1 and $5,000 of cash flow from operations in Year 2. The Company will recognize $5,000 of cash flow from operations in Year 1 and $5,000 of revenue in Year 2 . The Company will recognize $5,000 of revenue in Year 1 and $5,000 of cash flow from operations in Year 2