Question: 8 Multiple Choice 3 points If a company uses the net method of recording accounts receivable from customers, then sales discounts NOT taken should be
Multiple Choice
points
If a company uses the net method of recording accounts receivable from customers, then sales discounts NOT taken should be reported as
a deduction from sales in the income statement.
an item of "other expense" in the income statement?
sales discounts forfeited in the "Other revenues and gains" section of the income statement.
a deduction from accounts receivable in determining the accounts receivable amount expected to be collected.
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