Stan's Market Recorded the Following Events Involving a Recent Purchase

question 88

Multiple Choice

Stan's Market recorded the following events involving a recent purchase of inventory: Received goods for $120,000, terms 2/10, n/30.
Returned $2,400 of the shipment for credit.
Paid $600 freight on the shipment.
Paid the invoice within the discount period.
As a result of these events, the company's inventory

• A)increased by $115,248.
• B)increased by $118,200.
• C)increased by $115,836.
• D)increased by $115,848.

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Definitions:

Sea Levels

The average level of the surface of the ocean measured along a shoreline.

Carbon Dioxide Emissions

The emission of carbon dioxide into the air, mainly through the combustion of fossil fuels, playing a significant role in global warming and alterations in climate patterns.

Phosphorous

A reactive chemical element with the symbol P, essential for life but also a pollutant at high concentrations.

Methane

A potent greenhouse gas, CH4, that contributes to global warming, released through natural processes and human activities like agriculture.