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    Financial Accounting
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    Exam 6: Reporting and Interpreting Sales Revenue,receivables,and Cash
  5. Question
    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 71

Question 71

True/False

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

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