Problem

This period a company collects $100 cash on an account receivable from a customer for a sa...

This period a company collects $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?

 

Income Statement

Statement of Cash Flows

a.

Revenue + $100

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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