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    Financial Accounting Study Set 31
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    Exam 5: Accounting for Merchandising Operations
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    The Terms 2/10, N/30 State That a 2% Discount Is
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The Terms 2/10, N/30 State That a 2% Discount Is

Question 181

Question 181

True/False

The terms 2/10, n/30 state that a 2% discount is available if the invoice is paid within the first 10 days of the next month.

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