Indicate whether each of the following statements is true or false. a) A cash discount is extended to reward the buyer for purchasing large quantities of goods b) A purchase discount refers to a cash discount as seen from the seller's viewpoint c) A sales discount refers to a cash discount as seen from the buyer's view. d) In a perpetual inventory system, a sales discount is recorded as a reduction of sales revenue. e) In a perpetual inventory system, a purchase discount is recorded as a reduction of merchandise inventory.

Indicate whether each of the following statements is true or false