BSP Corporation Purchased Inventory from RSR Corporation on Account, $1,000

question 46

Multiple Choice

BSP Corporation purchased inventory from RSR Corporation on account, $1,000.BSP also paid $100 freight to reimburse RSR for its payment to the common carrier that transported the merchandise.If RSR offered credit terms of 2/10, n/30 and BSP paid within the discount period, the total cash disbursed to RSR was:

• A)$1,080.
• B)$1,078.
• C)$980.
• D)Some other amount.

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Definitions:

Combustion

A chemical process involving the rapid oxidation of substances, resulting in the release of energy, light, and heat.

Activation Energy

The minimum amount of energy that must be provided to compounds to induce a chemical reaction.

Pyrolysis

The chemical decomposition of a substance through the application of heat, in the absence of oxygen.

Law of Conservation

A principle stating that mass in an isolated system is neither created nor destroyed by chemical reactions or physical transformations.