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ACC 301, easy. multiple choice Vaughn Manufacturing Company sold toys listed at $400 per unit to Pronghorn, Inc. for $340, which included a trade discount
ACC 301, easy. multiple choice
Vaughn Manufacturing Company sold toys listed at $400 per unit to Pronghorn, Inc. for $340, which included a trade discount of 12 percent. Pronghorn, in turn, sells the toys at a holiday market for $378 each. Vaughn should record the receivable and related sales revenue (per unit) at $340. $378. $340 $400 Step by Step Solution
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