Consider the following facts: - Company A purchased goods for $50,000 - The purchase terms...
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Accounting
Consider the following facts: - Company A purchased goods for $50,000 - The purchase terms were 2/10,n/30 - Company A returned $1,000 of the goods - Company A paid freight of $250 on the shipment of the goods - Company A paid the invoice within the discount period As a result of this purchase, Company A's inventory increased by:
$49,250
$48,020
$48,265
None of these answers are correct.
$48,270
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