The following statement of financial position and statement of comprehensive income should be used. How will Woodburn's accounts receivable appear on the statement of cash flows for 2018($ in thousands)?
A) $40 operating activity cash outflow.
B) $40 investment activity cash outflow.
C) $40 operating activity cash inflow.
D) $40 investment activity cash inflow.
E) $40 financing activity cash inflow.

Question

The following statement of financial position and statement of comprehensive income should be used.   How will Woodburn's accounts receivable appear on the statement of cash flows for 2018($ in thousands)?
A) $40 operating activity cash outflow. 
B) $40 investment activity cash outflow. 
C) $40 operating activity cash inflow. 
D) $40 investment activity cash inflow. 
E) $40 financing activity cash inflow.

Quizplus · Accepted Answer

The Answer of The following statement of financial position and statement of comprehensive income should be used.   How will Woodburn's accounts receivable appear on the statement of cash flows for 2018($ in thousands)?
A) $40 operating activity cash outflow. 
B) $40 investment activity cash outflow. 
C) $40 operating activity cash inflow. 
D) $40 investment activity cash inflow. 
E) $40 financing activity cash inflow.

The Following Statement of Financial Position and Statement of Comprehensive