Answered: Creighton Construction ordered $500,000…

Creighton Construction ordered $500,000 worth of steel beams for a new project. The invoice listed trade discounts of 30/20/15. The net price = $238,000. True or False

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

Creighton Construction ordered $500,000 worth of steel beams for a new project. The invoice listed trade discounts of 30/20/15.

The net price = $238,000.

True or False

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