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20. When the net price method is used to record credit sales, the Sales Discounts Not Taken account is reported as a(n) a. addition
20. When the net price method is used to record credit sales, the Sales Discounts Not Taken account is reported as a(n) a. addition to sales returns & allowances on the income statement b. deduction from gross sales on the income statement C. deduction from selling expenses on the income statement d. addition to other revenue on the income statement 7
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
