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Sales returns and allowances: Multiple Choice would include terms 2/15, n/60 which allows the customer to take a 15% discount if paid in 2 days.
Sales returns and allowances: Multiple Choice would include terms 2/15, n/60" which allows the customer to take a 15% discount if paid in 2 days. are offered as a way to encourage customers to make prompt payment. are included on external financial statements to allow investors to compare the company's results with industry standards. are not included on most externally reported income statements
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