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Author Question: On October 30, goods with a list price of 9,200 are sold, subject to a trade discount of 25 percent ... (Read 318 times)

jjjetplane

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on: Jul 6, 2018
On October 30, goods with a list price of 9,200 are sold, subject to a trade discount of 25 percent with terms of 2/10, n/30 . Payment is received from the customer on November 5 . The amount of cash received on November 5 is
 a. 6,160.
   b. 8,770.
   c. 6,762.
   d. 6,036.
   e. 6,900.

Question 2

Which of the following are reported for a private purpose trust fund?
 
  a. Expenditures
  b. Expenses
  c. Deductions
  d. Both a and c


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hanadaa

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Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

C


jjjetplane

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

emsimon14

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Reply 3 on: Yesterday
Excellent

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