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Question 24 3 pts Steve's Chocolates purchases $4,375 of merchandise inventory from a vendor with credit terms of 3/10, n/30 on February 1. Assuming that
Question 24 3 pts Steve's Chocolates purchases $4,375 of merchandise inventory from a vendor with credit terms of 3/10, n/30 on February 1. Assuming that Steve's Chocolates pays for the inventory on February 7, the total paid for the inventory is (rounded to the nearest dollar): O $4,375 O $3,938 O $4,506 O $4,244 Question 25 3 pts Nittany Company buys merchandise with an invoice cost of $10,000 from Stone Company with shipping terms of FOB shipping point. The freight costs necessary to move the inventory from Stone Company's factory to Nittany Company's warehouse amount to $500. Which of the following statements is true? Nittany Company will have total inventory cost of $10,000 Stone Company will record freight-out costs of $500 Nittany Company will record freight-in costs of $500 Stone Company will record freight-in costs of $500 Question 26 3 pts 16 A 11 DOO 20 000 F4 *** FB F7 F6 F3 F5
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