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Brief Exercise 7-4 (Algo) Cash discounts; gross method [LO7-3] On December 28, 2021, Tristar Communications sold 10 units of its new satellite uplink system to
Brief Exercise 7-4 (Algo) Cash discounts; gross method [LO7-3] On December 28, 2021, Tristar Communications sold 10 units of its new satellite uplink system to various customers for $20,000 each. The terms of each sale were 1/15, n/30. Tristar uses the gross method to account for sales discounts. In what year will income before tax be affected by discounts, assuming that all customers paid the net-of- discount amount on January 6, 2022? By how much? In income before tax will be by
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