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On December 28,2024 , Tristar Communications sold 13 units of its new satellite uplink system to various customers for $20,000 each. The terms of each
On December 28,2024 , Tristar Communications sold 13 units of its new satellite uplink system to various customers for $20,000 each. The terms of each sale were 3/15,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 6,2025 ? By how much? On December 28,2024 , Tristar Communications sold 13 units of its new satellite uplink system to various customers for $20,000 each. The terms of each sale were 3/15,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 6,2025 ? By how much
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