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    Fundamentals of Financial Accounting Study Set 3
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    Exam 7: Inventory and Cost of Goods Sold
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    A Company Purchased $6,000 of Merchandise
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A Company Purchased $6,000 of Merchandise

Question 25

Question 25

Multiple Choice

A company purchased $6,000 of merchandise.Transportation costs were an additional $100.The company later returned $250 of the merchandise and paid the invoice within the 2% discount period.What is the total amount of cash paid?


A) $5,733
B) $6,100
C) $5,735
D) $5,730

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