Q9

Q10

Which statement is true regarding early settlement discounts offered by a seller? a. Early settlement discounts encourage larger orders from customers. b. Early settlement discounts encourage smaller orders from customers. c. Early settlement discounts encourage customers' loyalty. d. Early settlement discounts encourage prompt payment from customers. The cost of goods available for sale is allocated between: a. Beginning inventory and ending inventory. b. Beginning inventory and cost of goods on hand. c. Ending inventory and cost of goods sold. d. Beginning inventory and cost of goods purchased