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For a $200,000 Trade Payable with Terms of 2/15,net 50,how

Question 33

Multiple Choice

For a $200,000 trade payable with terms of 2/15,net 50,how much would be reported as "purchase discount lost" under the net method if a payment was made after 60 days?


A) $0
B) $4,000
C) $5,000
D) $30,000

Correct Answer:

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