Multiple Choice
Ryan, Inc. purchased a delivery truck with a $42,000 list price. The company was given a $4,200 cash discount by the dealer, and paid $2,100 sales tax. Annual insurance on the truck is $1,050. As a result of the purchase, by how much will Ryan, Inc. increase its truck account?
A) $42,000.
B) $37,800.
C) $40,950.
D) $39,900.
Correct Answer:

Verified
Correct Answer:
Verified
Q35: All of the following statements are false
Q120: A loss on disposal of a plant
Q147: When purchasing delivery equipment, sales taxes and
Q188: Three factors that affect the computation of
Q278: Mideast Airlines purchased a 777 aircraft on
Q279: On October 1, 2014, Hess Company places
Q280: Nix Corporation sold equipment for $20,000. The
Q283: Indicate whether each of the following expenditures
Q285: During 2014, Phelps Corporation reported net sales
Q286: Equipment with a cost of $480,000 has