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Assume Beta Company uses the perpetual inventory method and engaged in the following transactions:
1) Purchased $5,000 of merchandise on account under terms 2/10, n/30.
2) Returned $600 (list price) of merchandise to the supplier before payment was made.
3) Paid the account payable within the discount period.
4) Sold the merchandise for $6,500 cash.
The net cash flow from operating activities as a result of the four transactions is:
Teres Major
A muscle located in the upper arm that assists in the rotation and adduction of the arm.
Shoulder Level
A reference point used in medical and fitness contexts to describe the height or area around the shoulders of a human body.
Pectoralis Major
A large muscle in the upper chest that aids in the movement of the shoulder and the arm.
Biceps Brachii
A muscle in the upper arm that helps in flexing the forearm at the elbow and in rotating the forearm.
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