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On August 1, 2020, Lia Inc. purchased merchandise inventory for $10,000, on account, with the following terms: FOB destination, 2/10, n/30. Which of the following

On August 1, 2020, Lia Inc. purchased merchandise inventory for $10,000, on account, with the following terms: FOB destination, 2/10, n/30. Which of the following statements is true?

  1. Regardless of when the bill is paid, Lia Inc. must pay the freight costs (shipping costs).

  2. Lia Inc. has a total of 40 days to pay for the goods if it is willing to not take the discount.

  3. If Lia Inc. pays for these goods on August 8, the amount to be paid will be $9,800.

  4. If Lia Inc. pays for these goods on August 15, the amount paid will be $10,200

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