A business records purchases using the net

method.

Which of the following statements is $($are$)$ true:

Select ALL correct choices, incorrect choices are penalized.

Purchase discounts lost $($not taken$)$ are recorded if they pay after the discount

period.

Purchase discounts lost $($not taken$)$ are credited to the inventory account.

Purchase discounts lost $($not taken$)$ are often considered a financing cost or

interest expense on the income statement.

Purchase discounts lost $($not taken$)$ are debited to Inventory.