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Listen A Oliver Company uses a perpetual inventory system. On March 2, Oliver Company sold $800,000 of merchandise on account to Penn Company, terms

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Listen A Oliver Company uses a perpetual inventory system. On March 2, Oliver Company sold $800,000 of merchandise on account to Penn Company, terms 2/10, n/30. The cost of the merchandise sold was $600,000. If Penn Company the full amount due on March 10 (within the discount period), Oliver Company receives cash of A) $588,000 B) $600,000 C) $784,000 D) $800,000 E) none of the above

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