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The following information pertains to the next two questions. Fordlane Co . purchased inventory that cost $ 1 0 , 0 0 0 under terms
The following information pertains to the next two questions. Fordlane Co purchased inventory that cost $ under terms n The inventory was delivered under terms FOB destination. Freight costs of $ were paid in cash. Fordlane paid for the inventory within ten days. Fordlane sold the goods on account for $ freight terms FOB destination. Freight costs of $ were paid in cash.
Fordlane would report net income on its income statement of
a $
b $
c $
d $
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