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Author Question: If the terms of an invoice dated April 10 are 3/10, n/30, the invoice must be paid on or before ... (Read 738 times)

go.lag

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If the terms of an invoice dated April 10 are 3/10, n/30, the invoice must be paid on or before April 20 in order to be entitled to a discount.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Which financial statement shows Bad debts expense?
 
  A) Income statement
  B) Balance sheet
  C) Statement of cash flows
  D) both the Income statement and the Balance sheet



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dyrone

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Answer to Question 1

True

Answer to Question 2

A




go.lag

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)


bigcheese9

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Reply 3 on: Yesterday
Wow, this really help

 

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