Multiple Choice
Oxley Retailers purchased merchandise with a list price of $30,000, subject to trade discounts of 20 percent and 10 percent, with no cash discounts allowable.Oxley should record the cost of this merchandise as
A) $30,000.
B) $23,400.
C) $21,600.
D) $21,000.
Correct Answer:
Verified
Correct Answer:
Verified
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