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The effect of Sales Discounts Forfeited acc The effect of Sales Discounts Forfeited account on net income is a decrease and is reported as a

The effect of Sales Discounts Forfeited acc

The effect of Sales Discounts Forfeited account on net income is a decrease and is reported as a contra revenue account.

Select one:

True

False

unt on net income is a decrease and is reported as a contra revenue account. Select one: True False

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