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A trade discount is: Multiple Choice A term used by a purchaser to describe a cash discount given to customers for prompt payment. A reduction

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A trade discount is: Multiple Choice A term used by a purchaser to describe a cash discount given to customers for prompt payment. A reduction in selling price below the list price. A term used by a seller to describe a cash discount granted to customers for prompt payment. 0 A reduction in price for prompt payment. O Also called a rebate

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