The Following Statement of fiNancial Position and Statement of Comprehensive

question 235

Multiple Choice

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 2015($ 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.

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Definitions:

Efficiency Variances

The differences between actual performance in terms of time or cost and the standard expected performance.

Cost Information

Refers to data related to the amount of money required to produce goods or services, including production, maintenance, and other associated expenses.

Favorable

A term that indicates a positive variance or outcome, especially in the context of budgeting and financial analysis.

Unfavorable

A term often used in budgeting and financial analysis to describe results that are worse than expected or budgeted figures.