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Discount received is excluded from revenue Sales returns and discounts allowed affect the same account on the income statement Question 3 Which of the

Discount received is excluded from revenue Sales returns and discounts allowed affect the same account on the income statement Question 3 Which of the following statements do you agree with? Select all answers that apply (choose among the 5 answers available) Discount allowed is excluded from revenue Discount allowed is excluded from purchases Discount received is excluded from purchases

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