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A Company Makes a Purchase of $2,000 of Inventory, Subject

Question 176

Multiple Choice

A company makes a purchase of $2,000 of inventory, subject to credit terms of 3/10 n/45 and returns $500 of inventory prior to payment. What is the amount of the payment assuming payment is made within the discount period?


A) $1,500
B) $1,455
C) $1,440
D) $1,560

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