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    Financial Accounting Tools Study Set 4
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    Exam 5: Merchandising Operations and the Multiple-Step Income Statement
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    Anderson Inc
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Anderson Inc

Question 25

Question 25

Multiple Choice

Anderson Inc.sells $1,200 of merchandise on account to Baltic Company with credit terms of 2/10, n/30.If Baltic Company remits a check taking advantage of the discount offered, what is the amount of Baltic Company's check?


A) $1,176
B) $1,200
C) $1,080
D) $1,120

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