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