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25-11-2022
Business

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on december 28, 2024, videotech corporation (vtc) purchased 16 units of a new satellite uplink system from tristar communications for $24,000 each. the terms of each sale were 2/10, n/30. vtc uses the gross method to account for purchase discounts and a perpetual inventory system. vtc paid the net-of-discount amount on january 6, 2025.

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