The amount of discount to be recorded if the invoice is paid within the discount period on a purchase of goods having a list price of 1,600, subject to a trade discount of 25 percent with terms 2/10, n/30, is
a. 450.
b. 30.
c. 21.
d. 29.40.
e. 24.
Question 2
Additions reported in the statement of changes in plan net assets of a pension plan commonly include all of the following except
a. actuarial gains from revision of actuarial assumptions.
b. employer contributions.
c. net appreciation in the fair value of investments.
d. employee contributions.