Multiple Choice
A company,using the net method,purchased inventory for $3,000 and term 2/10 net 30 but did not pay the bill in time to take advantage of the discount.The cost recorded in the inventory account after this event would be?
A) $3,000
B) $2,940
C) $3,060
D) Not enough data to determine
Correct Answer:
Verified
Correct Answer:
Verified
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