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Merchandise costing $1, 400 is sold for $2, 400 on terms 2/10, n/30. If the buyer pays within the discount period, what amount will be

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Merchandise costing $1, 400 is sold for $2, 400 on terms 2/10, n/30. If the buyer pays within the discount period, what amount will be reported on the income statement as net sales and as gross profit

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