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Assume the perpetual inventory system is used. 1) Green Company purchased merchandise inventory that cost $17,000 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 $17,000 under terms of 2/10,n/30 and FOB shipping point 2) Green Company paid freight cost of $700 to have the merchandise delivered 3) Payment was made to the supplier on the inventory within 10 days. 4) All of the merchandise was sold to customers for $25,500 cash and delivered under terms FOB destination with freight cost amounting to $500 What is the net cash flow from operating activities that results from these transactions? Multiple Choice $17,860 outflow $8,840 inflow $25,500 inflow $7,640 inflow
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