QUESTION 17 Under the perpetual inventory system discounts taken on an woice by the buyer would be debited to Merchandise Inventory credited to cost of Goods Sold credited to Merchandiserventory O debited to cost of Goods Sold QUESTION 18 Expenses that all outside the regular operations of a business O treated as current assets and are shown as merchandise inventory Included under the other revenue and expenses section of the income statement o shown in the income statement of a merchandiser not considered for the calculation of the income QUESTION 19 Onuary 21, 2016 Bessant compareceved merchandise from Mules company one found a few of these to become on turned the came to the seller. Such returns will be treated as salinances purchase allowances purchaser stand QUESTION 20 Voordelen the chun. The terms are