Multiple Choice
May Retailers purchased merchandise with a list price of $100,000,subject to a trade discount of 20 percent and credit terms of 2/10,n/30.At what amount should May record the cost of this merchandise if the gross method is used?
A) $100,000
B) $78,400
C) $98,000
D) $80,000
Correct Answer:
Verified
Correct Answer:
Verified
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