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For a $100,000 Trade Payable with Terms of 2/10,net 45,how

Question 34

Multiple Choice

For a $100,000 trade payable with terms of 2/10,net 45,how much would be reported as "purchase discount lost" under the gross method if a payment was made after 60 days?


A) $0
B) $2,000
C) $4,500
D) $10,000

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