Multiple Choice
On June 15,Oakley Inc.sells inventory on account to Sunglass Hut (SH) for $1,000,terms 2/10,n/30.On June 20,SH returns to Oakley inventory that SH had purchased for $300.On June 24,SH completely fulfills its obligation to Oakley by making a cash payment.What is the amount of cash paid by SH to Oakley?
A) $680
B) $686
C) $700
D) $1,000
Correct Answer:
Verified
Correct Answer:
Verified
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