For a $100,000 Trade Payable with Terms of 2/10,net 45,how

question 34

Multiple Choice

For a $100,000 trade payable with terms of 2/10,net 45,how much would be reported as "purchase discount lost" under the gross method if a payment was made after 60 days?

• A)$0
• B)$2,000
• C)$4,500
• D)$10,000

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Definitions:

Fundamental Attribution Error

The tendency to overemphasize personality traits and underestimate situational factors when explaining someone else's behavior.

Cultural Differences

Variations in the practices, norms, and values among people from different societies or cultural backgrounds.

Deindividuation

A psychological state characterized by reduced self-awareness and decreased social identity, often leading to uninhibited and sometimes antisocial behavior.

Aggressive Drives

In psychoanalytic theory, the innate impulses or instincts that lead to aggressive behaviors and thoughts.