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Sales discounts and allowances: Select one: a. When properly recorded will increase profit for the period. b. Will not affect profit for the period. c.

Sales discounts and allowances:

Select one:

a. When properly recorded will increase profit for the period.

b. Will not affect profit for the period.

c. When properly recorded will reduce profit for the period.

d. Are always immaterial and need not be recorded

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Fundamentals of Corporate Finance

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