Question: Could I get some help on question and brief explanation on why its correct answer, please and thank you, if you could show your work
Could I get some help on question and brief explanation on why its correct answer, please and thank you, if you could show your work it would be greatly appreciated
Which of the following statements is true in regards to a comparison between the ross method and net method when accounting for purchase discounts? The gross method will yield higher cost than the net method if the customer pays within the discount period. The net method is less favorable because it is not apparent if a company does not pay within the discount period. Only the net method can be used in accounting for purchase discounts. The gross method is more frequently used in accounting practice for purchase discounts
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