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Mekhanik [1.2K]
2 years ago
5

A company had the following partial list of account balances at year-endWhich of the following statements correctly describes th

e effect of recording the collection of a $10,000 account receivable for which a 2% sales discount was recorded at the time of collection?
Business
1 answer:
Jlenok [28]2 years ago
3 0
The $200 sales discount ($10,000 × 2%) reduces net sales and therefore gross profit.

Gross profit will decrease $200
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