loverienne
Sep 24, 2016, 08:39 PM
Hi I'm so confused on how to figure these things out.
If I sold a unit of inventory for $600 on account which had cost $300 and was already part of inventory prior to this sale, how does this effect net income or cash flow?
If I sold a unit of inventory for $600 on account which had cost $300 and was already part of inventory prior to this sale, how does this effect net income or cash flow?