Briggs Corporation Uses the Perpetual Inventory Method

question 73

Multiple Choice

Briggs Corporation uses the perpetual inventory method.On March 1, it purchased $10,000 of inventory, terms 2/10, n/30.On March 3, Briggs returned goods that cost $1,000.On March 9, Briggs paid the supplier.On March 9, Briggs should credit

• A)purchase discounts for $200.
• B)inventory for $200.
• C)purchase discounts for $180.
• D)inventory for $180.

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Definitions:

Monoamine Oxidase

An enzyme that plays a role in the breakdown of neurotransmitters such as serotonin and dopamine, affecting mood regulation.

Antidepressant Drugs

Drugs that regulate mood.

Tricyclics

A class of antidepressant medications used to treat depression and other conditions by affecting neurotransmitters in the brain.

Benzodiazepines

A class of psychoactive drugs known to act on the central nervous system, often prescribed for anxiety, seizures, and insomnia.