Credit terms are the listing of the amounts and timing of payments between a buyer and a seller True False Question 28 (1 point) A classified balance sheet organizes assets and liabilities into important subgroups True False Question 29 (1 point) Trekking Company has inventory with a net realizable value of $217,000 and a cost of $241,000 According to the guidance provided by the principle of faithful representation, the inventory should be written down to 5217.000 True