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Company C accepted a national credit card for a $10700 purchase. The cost of the goods sold is $6700. The credit card company charges
Company C accepted a national credit card for a $10700 purchase. The cost of the goods sold is $6700. The credit card company charges a 5% fee. What is the impact of this transaction on net operating income?
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Financial Accounting
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
12th edition
134725980, 9780134726656 , 978-0134725987
