Lizard Company purchased $16,000 worth of merchandise, FOB shipping point. Transportation costs were an additional $1,400. The company later returned $3,000 worth of merchandise and paid the invoice within the 2% cash discount period.
The total amount paid for this merchandise is:
A) $14,140
B) $14,080
C) $17,052
D) $14,112
Correct Answer:
Verified
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