Select the term in the blank space beside the definition that it most closely matches. 1 Goods a company owns and expects to sell to its customers. 2 Time period that can pass before a customer's payment is due. 2 3. Seller's description of a cash discount granted to buyers in return for early payment 4. Reduction below ist or catalog price that is negotiated in setting the price of goods 0 5. Ownership of goods is transferred when the seller delivers goods to the carrier 6. Purchasers description of a cash discount received from a supplier of goods 7. Reduction in a receivable or payable if it is paid within the discount period 8. Difference between net sales and the cost of goods sold 9. Time period in which a cash discount is available 10 Ownership of goods is transferred when delivered to the buyer's place of business