Darlington Company Entered into the Following Business Events During Its

question 147

Multiple Choice

Darlington Company entered into the following business events during its first month of operations. The company uses the perpetual inventory system.1) The company purchased $12,200 of merchandise on account under terms 2/10, n/30.2) The company returned $1,700 of merchandise to the supplier before payment was made.3) The liability was paid within the discount period.4) All of the merchandise purchased was sold for $18,400 cash.What is the net cash flow from operating activities as a result of the four transactions?

• A)$8,110
• B)$8,144
• C)$6,076
• D)$6,200

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Definitions:

Foucault

Michel Foucault was a French philosopher known for his critical studies of social institutions, including psychiatry, medicine, the human sciences, and the prison system.

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Knowledge

encompasses information, facts, skills, and understandings acquired through experience or education.

Whiteness Studies

An interdisciplinary field of scholarship aimed at examining the social, cultural, and historical construction of whiteness as a racial and cultural identity.