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Geran Company Purchased Merchandise Inventory with an Invoice Price of $8,000

Question 95

Multiple Choice

Geran Company purchased merchandise inventory with an invoice price of $8,000 and credit terms of 2/10, n/30.What is the net cost of the goods if Geran Company pays within the discount period?


A) $8,000
B) $7,840
C) $7,200
D) $7,360

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