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(5 points) How should sales discounts taken be reported on the financial statements when using the net method for recording accounts receivable? (A5) sales discounts

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(5 points) How should sales discounts taken be reported on the financial statements when using the net method for recording accounts receivable? (A5) sales discounts forfeited on the income statement. a reduction to sales on the income statement. a loss on the income statement. sales discounts taken are not reported on the financial statements under this method

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