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Angie's Blooms Purchased a Delivery Van for $40,000

Question 111

Multiple Choice

Angie's Blooms purchased a delivery van for $40,000. The company was given a $4,000 cash discount by the dealer, and paid $2,000 sales tax. Annual insurance on the van is $1,000. As a result of the purchase, by how much will Angie's Blooms increase its van account?


A) $40,000
B) $36,000
C) $39,000
D) $38,000

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