Business, 17.02.2020 19:57 kaleyahkay7474
Assume the perpetual inventory method is used. 1) The company purchased $12,300 of merchandise on account under terms 4/10, n/30. 2) The company returned $1,800 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $18,600 cash. The net cash flow from operating activities as a result of the four transactions is:
A.$5,100.
B.$7,726.
C.$6,550.
D.$11,074.
Answers: 1
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Assume the perpetual inventory method is used. 1) The company purchased $12,300 of merchandise on ac...
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