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What would the impact be for company

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Reference no: EM132685035

Problem 1: Suppose a company sold a piece of inventory in 2011 for 100 dollars on account. The inventory was purchased for 60 dollars of cash in 2010. What would the impact be on?

Answer: Net Income: +40: Profit 100-60
Other Cash from Operations: -100: Increase in AR. (why does the 100 here have a negative in front?)
+60: Decrease in Inventory
Total Impact on CFO = 0 (why is it zero?)

Reference no: EM132685035

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