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Basic Question 2 of 23

If Dakota Medical Suppliers receive an invoice for purchases dated 12/12/2007 subject to credit terms of "2/10, net 30," what is the last possible day the discount can be taken?

A. January 11
B. December 22
C. December 30

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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach

Andrea Schildbach

Learning Outcome Statements

explain liquidity and compare issuers' liquidity levels

CFA® 2024 Level I Curriculum, Volume 2, Module 4.