If a Company Uses the Perpetual Inventory Method and It

question 62

Multiple Choice

If a company uses the perpetual inventory method and it purchases inventory on account worth $2,000 with terms 2/10 n/30 what will be the cost of the inventory when the inventory is purchased if it is using the net method?

• A)$2,000
• B)$1,800
• C)$1,960
• D)$2,200

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Definitions:

Rh-Positive

Refers to the presence of the Rh factor on the red blood cells; an individual with Rh-positive blood type can receive Rh-positive or Rh-negative blood.

Rh-Negative

A blood type classification indicating the absence of the Rh factor, a protein present on the surface of red blood cells, which can affect pregnancy and blood transfusions.

Fetal Alcohol Spectrum Disorder (FASD)

A cluster of symptoms shown by children of women who drank heavily during pregnancy, including characteristic facial features and intellectual disabilities.

Sex-Linked Abnormality

A genetic condition determined by genes located on the sex chromosomes (typically the X chromosome), affecting males or females disproportionately.