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    Principles of Financial Accounting Study Set 1
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    Exam 5: Accounting for Merchandising Operations
  5. Question
    A Company Buys Merchandise Costing $25,000 with Terms of 2/10
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A Company Buys Merchandise Costing $25,000 with Terms of 2/10

Question 186

Question 186

Multiple Choice

A company buys merchandise costing $25,000 with terms of 2/10 n/30. The adjustment to the Merchandise Inventory account, assuming the discount is taken, will be


A) $250.
B) $300.
C) $500.
D) $0.

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