A company collects this period $100 cash on an account receivable from a customer for a sale

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A company collects this period $100 cash on an account receivable from a customer for a sale last period. How would the receipt of cash impact the following two financial statements this period?

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Financial Accounting

ISBN: 9780073208145

5th Edition

Authors: Robert Libby, Patricia Libby, Daniel Short

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Question Posted: Jun 24, 2024 02:00 AM

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A company collects this period $100 cash on an account receivable from a customer for a sale

Question:

a. Revenue $100 INCOME STATEMENT STATEMENT OF CASH FLOWS Inflow from investing b. No impact Inflow from financing c. Revenue $100 Inflow from operations d. No impact Inflow from operations

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Financial Accounting

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