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Which one of the following defines the terms of sale? 1) Period of time during which a discount can be taken on an invoice 2)
Which one of the following defines the terms of sale?
1) Period of time during which a discount can be taken on an invoice
2) Period of time granted to a customer to pay for the goods or services received
3) Legal documents related to the credit sale of either goods or services
4) Conditions under which a firm sells its goods or services for either cash or credit
5) Process used to determine which customers will be granted credit and which will not
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