TB MC Qu. 02-148 (Algo) GreyCo and Sons earns... GreyCo and Sons earns $7,120 of revenue on account in Year 1. Cash collections of receivables amount to $6,410 in Year 1 with the remainder being collected in Year 2. Based on this information alone the company's financial statements would show Multiple Choice cash inflow from operating activities of $6,410 during Year 2. a balance of $710 in accounts receivable at the beginning of Year 2 cash inflow from operating activities of $710 during Year 1. a balance of $710 in accounts receivable at the end of Year 2 < Prev 12 of 14 Next >