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elect all that apply rey Company earned $5,000 of revenue on account during Year 1, but collected the cash associated with the receivables in Year
elect all that apply rey Company earned $5,000 of revenue on account during Year 1, but collected the cash associated with the receivables in Year 2. Base nformation alone, under accrual accounting, the company will report net income of $5,000 and cash inflow from operations of zero in Year 1. net income of $5,000 and cash inflow from operations of zero in Year 2. net income of zero and cash inflow from operations of $5,000 in Year 2. net income of zero and cash inflow from operations of $5,000 in Year 1
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