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Which of the following statements is true in regards to a comparison between the gross method and net method when accounting for trade discounts? The
Which of the following statements is true in regards to a comparison between the gross method and net method when accounting for trade discounts? The gross method will yield higher revenue than the net method if the customer pays within the discount period. The gross method is more frequently used in accounting for trade discounts. Only the net method can be used in accounting for trade discounts. The net method will yield higher revenue than the gross method if the customer pays within the discount period
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