Multiple Choice
Tony's Market recorded the following events involving a recent purchase of inventory: Received goods for $40,000, terms 2/10, n/30.
Returned $800 of the shipment for credit.
Paid $200 freight on the shipment.
Paid the invoice within the discount period.
As a result of these events, the company's inventory
A) increased by $38,416.
B) increased by $39,400.
C) increased by $38,612.
D) increased by $38,616.
Correct Answer:
Verified
Correct Answer:
Verified
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