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    Exam 6: Merchandising Operations and the Multistep Income Statement
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    Credit Terms "2/10, N/30" Mean That If Payment Is Made
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Credit Terms "2/10, N/30" Mean That If Payment Is Made

Question 162

Question 162

True/False

Credit terms "2/10, n/30" mean that if payment is made in two days, a 10% discount will be given; if not paid within two days, the full invoice price will be due in thirty days.

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