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question on april 11 edwards construction company purchased inventory for 30 000 on 4278633

Question

On April 11, Edwards Construction Company purchased inventory for $30,000 on terms of 2/10, n/30. It pays the account balance on April 21. Edwards uses a periodic inventory system.

If the company sold half the inventory during April for $20,000, how much income would it recognize under each method?

 

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