Question: Multiple Cholce Question During Year 1, Silver Sinks, Inc. earned $33,000 of revenue on account. Cash collections of receivables were $28,000. The remainder of the
Multiple Cholce Question During Year 1, Silver Sinks, Inc. earned $33,000 of revenue on account. Cash collections of receivables were $28,000. The remainder of the receivables were collected in Year 2. As a result of these transactions, in Year 1 Silver Sink will report O revenue and cash inflow from operating activities of $28,000 O revenue of $28,000 and cash inflow from operating activities of $33,000 revenue and cash inflow from operating activities of $33,000 revenue of $33,000 and cash inflow from operating activities of $28,000
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