For a $200,000 Trade Payable with Terms of 2/15,net 50,how

question 33

Multiple Choice

For a $200,000 trade payable with terms of 2/15,net 50,how much would be reported as "purchase discount lost" under the net method if a payment was made after 60 days?

• A)$0
• B)$4,000
• C)$5,000
• D)$30,000