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George is employed by the Quality Company. Per the company policy, George purchased a freezer at 5% under the company's cost of $500. The company's
George is employed by the Quality Company. Per the company policy, George purchased a freezer at 5% under the company's cost of $500. The company's normal selling price for the freezer is $700. George also received a service contract at half price that is normally sold to customers for $100. George must include the following amount of income for these discounts: O a. $0 for the freezer and $50 for the service contract b. $0 for the freezer and $30 for the service contract c. $25 for the freezer and $30 for the service contract d. $25 for the freezer and $50 for the service contract
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