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When making a sale that offers terms such as 2/10, n/30 to the customer, a. both the gross and net methods of recording sales discounts
When making a sale that offers terms such as 2/10, n/30 to the customer, a. both the gross and net methods of recording sales discounts are allowed per GAAP. b. neither the gross nor the net method of recording sales discounts is allowed per GAAP. c. only the gross method of recording sales discounts is allowed per GAAP. Od. only the net method of recording sales discounts is allowed per GAAP
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