An invoice is dated October 22 with terms of 4/18 EOM. Assuming the net date is 20

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An invoice is dated October 22 with terms of 4/18 EOM. Assuming the net date is 20 days after the discount date, find the following.

A. What is the discount date?

B. What is the net date?

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College Accounting A Contemporary Approach

ISBN: 978-0077639730

3rd edition

Authors: David Haddock, John Price, Michael Farina

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Posted Date: Jun 16, 2023 02:10 AM

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An invoice is dated October 22 with terms of 4/18 EOM. Assuming the net date is 20

Question:

Expert Answer:

A The terms 418 EOM mean that the buyer can take a 4 disco... View the full answer

College Accounting A Contemporary Approach

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