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Will rate on multiple accounts if all 3 are answered Question 23) On January 12, Alliance Corporation purchased inventory with an invoice price of $22,000;

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Question 23) On January 12, Alliance Corporation purchased inventory with an invoice price of $22,000; credit terms of 1/10,n/15; and FOB: destination. The appropriate company paid the freight cost of $500. How much cash will Alliance pay for the freight cost? O a $500 b. $21,780 Oc. $220 Od. $22,000 e. $nothing Question 26) You are provided with the following information Cost of goods sold $506,000 Income tax expense $66,300 Operating expenses $200,500 Sales $920,000 The net profit margin would be O a. 16.00% b. 55.00% O c. 22.00% Od. 40.00%. 45 Question 24) The entry to record a sale of $525 with an estimated return rate of 4% will include a c. debit to Accounts Receivable for $504. O b. debit to Sales for $21. O a. debit to Refund Liability for $21. e. debit to cost of goods sold for $525. d. debit to accounts receivable for $525

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