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Merchandise subject to terms 2/10, n/30, FOB destination, is sold on account to a customer for $35,000. The seller paid $500 for shipping. The seller
Merchandise subject to terms 2/10, n/30, FOB destination, is sold on account to a customer for $35,000. The seller paid $500 for shipping. The seller issued a credit memorandum for $8,000 prior to payment. What is the amount of the cash discount allowable? a. $540 b. $552 c. $700 d. $860
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