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At year end, Jim Company balance sheet showed total assets of $60 milion, total labities (including preferred stock) of $30 milion, and 1,000,000 shares of

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At year end, Jim Company balance sheet showed total assets of $60 milion, total labities (including preferred stock) of $30 milion, and 1,000,000 shares of common stock outstanding. Based on this information, Tangshan's book value per share of common stock is I Gena Company purchased merchandise wventory with an invoice price of $12,000 and credit terms of 3/10, 1/30. What is the net cost of the goods if Gama Company pays within the discount period

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