Tysen Retailers Purchased Merchandise with a List Price of $50,000

question 28

Multiple Choice

Tysen Retailers purchased merchandise with a list price of $50,000, subject to trade discounts of 20% and 10%, with no cash discounts allowable.Tysen should record the cost of this merchandise as

• A)$35,000.
• B)$36,000.
• C)$39,000.
• D)$50,000.

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Definitions:

Antibodies

Proteins produced by the immune system to help protect the body from harmful invaders like bacteria and viruses.

Albino

An individual lacking normal pigmentation due to a genetic condition that affects the production of melanin in the skin, hair, and eyes.

Homozygous

State of having identical allelic genes at one or more paired loci in homologous chromosomes.

Pigmentation

The coloring of a person's skin, hair, or eyes due to the deposition of melanin, a natural pigment produced by certain cells called melanocytes.