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    Financial Accounting Study Set 1
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    Exam 6: The Current Asset Classification, Cash, and Accounts Receivable
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    On August 1, Compass Co
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On August 1, Compass Co

Question 68

Question 68

Multiple Choice

On August 1, Compass Co. made a $10,000 credit sale under the terms 2/10, n/30. If Compass receives full payment of the account on August 8, how much cash will it receive?


A) $9,700
B) $9,800
C) $9,000
D) $10,000

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