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Accounting for Merchandising Activities
?
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
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (C)
discount period
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