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

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Definitions:

Person-Situation Debate

A controversy in psychology regarding the influence of personality traits versus situational factors on individual behavior.

Essay

A short piece of writing on a particular subject, often expressing the author's personal point of view.

Personality

An individual's characteristic patterns of thought, emotion, and behavior, together with the psychological mechanisms behind those patterns.

Personality

The distinct blend of feelings, attitudes, and actions that characterizes a person.