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Conway Company Purchased Merchandise Inventory with an Invoice Price of $12,000

Question 191

Multiple Choice

Conway Company purchased merchandise inventory with an invoice price of $12,000 and credit terms of 2/10, n/30.What is the net cost of the goods if Conway Company pays within the discount period?


A) $12,000
B) $11,760
C) $10,800
D) $11,040

Correct Answer:

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