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Price Cosmetics recently purchased inventory from one of its largest suppliers. The company receives an invoice, which states the credit terms 3/10, n/25. Is the
Price Cosmetics recently purchased inventory from one of its largest suppliers. The company receives an invoice, which states the credit terms 3/10, n/25. Is the liability an example of account payable, current portion of long-term debt, or short-term notes payable? What does 3/10; n/25 mean?
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