Under which of the following would a company recognize income but have no cash flow in the current period? Sell goods on credit in the current period that were purchased and paid for in the prior period. Sell goods on credit in the current period that were purchased and paid for in the current period. Sell goods for cash in the current period that were purchased and paid for in the prior period. Sell goods on credit in the prior period and collect those sales in the current period. The goods sold were purchased in the prior period and paid for in the current period. Under which of the following would a company recognize cash flow but have no income during the current period? Receiving cash for the sale of a fixed asset whose net book value is greater than the cash received. Receiving cash for credit sales made in the current period. Receiving cash for the sale of a fixed asset whose net book value is less than the cash received. Receiving cash for credit sales made in the prior period. Recognizing bad debt expense in the same period as the related credit sale & recognizing cost of goods sold in the same period as the related sale of goods are both examples of: O Matching Principle Responsibility Doctrine O Fiduciary Accounting Conservatism