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grigory [225]
3 years ago
15

On January 3rd, Gates Gems returned merchandise they purchased on account from Jewelry Wholesalers in the amount of $1,450. What

is the transaction to reflect this return?
Business
1 answer:
kumpel [21]3 years ago
6 0

i think its called a no take backs

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Answer:

The time value of money is used to determine the fair value of the transaction ( B )

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therefore a contract involving a significant financing component ( present monetary component ) would have its fair value determined by the time value of money

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The correct answer is option d.

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