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f a company employs the gross method of recording accounts receivable from ustomers, thn sales discounts taken should be reported as sales discounts forfeited in
f a company employs the gross method of recording accounts receivable from ustomers, thn sales discounts taken should be reported as sales discounts forfeited in the cost of goods sold section of the income statement. an item of "other expense" in the income statement. a deduction from sales in the income statement. a deduction from accounts receivable in determining the accounts receivable amount expected to be collected
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