James Company Experienced the Following Events During Its Accounting Period:(1)Purchased

Multiple Choice

James Company experienced the following events during its accounting period:(1) Purchased $10,000 of inventory on account.(2) Returned $2,000 of the inventory purchased in Event 1.(3) Paid the remaining balance in account payable for the inventory purchased in Event 1.(4) Sold inventory purchased in Event 1 for $10,000 to customers on account.At the end of the first accounting period what would be reported for Net Operating Cash Flow on the Statement of Cash Flows?

A) $2,000
B) ($8,000)
C) ($10,000)
D) Zero