All of the following statements are true EXCEPT: O a. In the net method, sales discounts are reported as a deduction from sales. O b. Ideally, a company should measure receivables in terms of their present value, that is, the discounted value of the cash to be received in the future. OC. In the gross method, sales discounts are reported as a deduction from sales. O d. Trade discounts are used to avoid frequent changes in catalogs and to alter prices for different quantities purchaseD