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Under the gross method of accounting for purchases:Multiple ChoiceThe purchase of inventory is recorded for its full amount.The amount paid for inventory during the discount
Under the gross method of accounting for purchases:Multiple ChoiceThe purchase of inventory is recorded for its full amount.The amount paid for inventory during the discount period is the full amount of the purchase minus the discount.The amount paid for inventory after the discount period is the full amount of the purchase.All of the other answer choices are correct.
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