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21-05-2024
Business

Answered

Bridgeport Incorporated sold building supplies listed at $69500 to Bonita Construction, a preferred customer. Bridgeport offers Bonita a 10 percent trade discount on all purchases. Terms of the sale to Bonita are 2/15, n/45. What amount of revenue should Bridgeport record for this sale if the company uses the net method?
A. $61299
B. $69500
C. $68110
D. $62550

Answer :

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