Longoria company purchased merchandise inventory on account


Longoria Company purchased merchandise inventory on account with a list price of $5,000 and credit terms of 1/10, n/30. What was the net or cash cost for the merchandise?

$4,900

$4,970

$4,500

$4,950

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Financial Accounting: Longoria company purchased merchandise inventory on account
Reference No:- TGS01605367

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