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When a customer purchases inventory from a business organization, they may be given a discount which is designed to induce prompt payment. Such a discount
When a customer purchases inventory from a business organization, they may be given a discount which is designed to induce prompt
payment. Such a discount is called an
nominal discount.
trade discount.
enhancement discount.
cash discount.
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
IFRS Edition
978-1118443965, 1118800532, 9781118800539, 978-0470873991
