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    Fundamentals of Financial Accounting Study Set 3
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    Exam 6: Merchandising Operations and the Multistep Income Statement
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    Credit Terms of "2/10,n/30" Mean That If Payment Is Made
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Credit Terms of "2/10,n/30" Mean That If Payment Is Made

Question 55

Question 55

True/False

Credit terms of "2/10,n/30" mean that if payment is made in two days,a 10% discount may be taken; if not paid within two days,the full invoice price will be due in thirty days.
BT: Comprehension

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