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Author Question: The amount of discount to be recorded if the invoice is paid within the discount period on a ... (Read 316 times)

xroflmao

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on: Jul 6, 2018
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.


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thall411

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

e

Answer to Question 2

A


xroflmao

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Reply #2 on: Jul 6, 2018
Thank you :)


thall411

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Reply #3 on: Jul 6, 2018
Happy to help you


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