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23) A trade discount is: A) A reduction in price for prompt payment. B) Also called a rebate. C) A term used by a seller

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23) A trade discount is: A) A reduction in price for prompt payment. B) Also called a rebate. C) A term used by a seller to describe a cash discount granted to customers for prompt payment D) A reduction in selling price below the list price. E) A term used by a purchaser to describe a cash discount given to customers for prompt payment

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