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A company purchased merchandise on account for P9,000,000. The credit terms are 2/10, n/30. The...

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Accounting

A company purchased merchandise on account for P9,000,000. The credit terms are 2/10, n/30. The company's accountant talked with the bank and discovered that they could earn 8% on any money invested in the company's savings account. What is the company's savings or loss by taking the discount? P135,000 savings P135,000 loss P140.000 savings P140.000 loss

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