Multiple Choice
A company using the perpetual inventory system purchased inventory worth $25,000 on account with terms of 2/10, n/30. Defective inventory of $2,000 was returned 2 days later and the accounts were appropriately adjusted. If the invoice is paid within 10 days, the amount of the purchase discount that would be available to the company is:
A) $460.
B) $540.
C) $500.
D) $490.
Correct Answer:
Verified
Correct Answer:
Verified
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