Merchandise subject to terms 110 n30 fob shipping pointis, Accounting Basics

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Merchandise subject to terms 110 n30 fob shipping pointis

Merchandise subject to terms 1/10, n/30, FOB shipping point,is sold on account to a customer for $18,000. The seller issued acredit memorandum for $4,000 prior to payment. What is the amount of the cash discount allowable?

a. $190

b. $180

c. $170

d. $140

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Accounting Basics: Merchandise subject to terms 110 n30 fob shipping pointis

Reference No:- TGS0597560

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Accounting Basics: Merchandise subject to terms 110 n30 fob shipping pointis

Reference No:- TGS0597560

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Recent Questions Asked Accounting Basics

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Accounting Basics: Merchandise subject to terms 110 n30 fob shipping pointis

Reference No:- TGS0597560

Recent Questions Asked Accounting Basics

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