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Able Company accepted a national credit card for a $5,000 purchase. The cost of the goods sold is $3,000. The credit card company charges a
Able Company accepted a national credit card for a $5,000 purchase. The cost of the goods sold is $3,000. The credit card company charges a 2% fee. What is the impact of this transaction on net operating income? Select one: a. The answer does not exist b. Increase by $4,900 c. Increase by $1,900 d. Increase by $1,960 e. Increase by $2,000
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