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Riverbed Ltd. sold goods to Concord Corp. for $85,600, terms n/15, FOB shipping point. The inventory had cost Riverbed $45,600. Riverbeds management expected a return
Riverbed Ltd. sold goods to Concord Corp. for $85,600, terms n/15, FOB shipping point. The inventory had cost Riverbed $45,600. Riverbeds management expected a return rate of 3% based on prior experience.
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