Question Mode

Multiple Select Question

Select all that apply

Green Company incurred $5,000 of accrued expenses during Year 1, but paid the cash associated with the payables in Year 2. Based on this information alone, under accrual accounting, the company would report a net loss of ______.

Multiple select question.

A} zero and cash outflow from operations of $5,000 in Year 1

B}zero and cash outflow from operations of $5,000 in Year 2

C}$5,000 and cash outflow from operations of zero in Year 2

D}$5,000 and cash outflow from operations of zero in Year 1