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Which of the following statements correctly describes the effect of recording the collection of a $18,000 account receivable for which a 2% sales discount was

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Which of the following statements correctly describes the effect of recording the collection of a $18,000 account receivable for which a 2% sales discount was recorded at the time of collection? Multiple Choice Gross profit wil decrease $360 Current assets will remain the sume. Accounts recelvable wil oecrease $17640 Net sales will increase $17,640

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