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Assume Beta Company uses the perpetual inventory method and engaged in the following transactions: 1) Purchased $9,000 of merchandise on account under terms 2/10, n/30.
Assume Beta Company uses the perpetual inventory method and engaged in the following transactions: 1) Purchased $9,000 of merchandise on account under terms 2/10, n/30. 2) Returned $900 (list price) of merchandise to the supplier before payment was made. 3) Paid the account payable within the discount period. 4) Sold the merchandise for $11, 700 cash. The net cash flow from operating activities as a result of the four transactions is: $2, 466. $1, 980. $3, 600. $3, 762
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