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Shell Company purchased merchandise inventory with an invoice price of $4,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Grant Company pays within the discount period? a. $4,000 O b. $3,600. O c. $3,680 O d. $3,920

Shell Company purchased merchandise inventory with an invoice price of $4,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Grant Company pays within the discount period? a. $4,000 O b. $3,600. O c. $3,680 O d. $3,920

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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q11)This multible choice question from ACCOUNTING PRINCIPLES I.just write for me the final answer.

11 Shell Company purchased merchandise inventory with an invoice price of $4,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Grant Company pays within the discount period? a. $4,000 b. $3,600. O c. $3,680 O d. $3,920
Transcribed Image Text:11 Shell Company purchased merchandise inventory with an invoice price of $4,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Grant Company pays within the discount period? a. $4,000 b. $3,600. O c. $3,680 O d. $3,920
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