The buyer received an invoice from the seller for merchandise with a list price of $400 and
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Question:
The buyer received an invoice from the seller for merchandise with a list price of $400 and credit terms of 2/10, n/60. The number 10 in the credit terms is the
credit period
cash discount allowed for early payment of the invoice
discount period
trade discount
Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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