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Assume the perpetual inventory system is used. 1) Green Company purchased merchandise inventory that cost $64,200 under terms of 2/10,n/30 and FOB shipping point. 2)
Assume the perpetual inventory system is used. 1) Green Company purchased merchandise inventory that cost $64,200 under terms of 2/10,n/30 and FOB shipping point. 2) Green Company paid freight cost of $2,420 to have the merchandise delivered. 3) Payment was made to the supplier on the inventory within 10 days. What is the net cash flow from operating activities that results from these transactions
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