Merchandise subject to terms 1/10, n/30, FOB shipping point, is sold on account to a customer for
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Question:
Merchandise subject to terms 1/10, n/30, FOB shipping point, is sold on account to a customer for $25,000.The seller paid freight costs of $2,000 and issued a credit memo for $10,000 prior to payment.What is the amount of the cash discount allowable?
Question 6 options:
$130
$150
$250
$170
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