The collection on an account within the 1/10 n/30 discount period was recorded using a 10% discount.

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The collection on an account within the 1/10 n/30 discount period was recorded using a 10% discount. Rather than a 1% discount in both the controlling and subsidiary accounts.

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College Accounting A Contemporary Approach

ISBN: 978-0077639730

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Authors: David Haddock, John Price, Michael Farina

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Posted Date: May 25, 2023 04:20 AM

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The collection on an account within the 1/10 n/30 discount period was recorded using a 10% discount.

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College Accounting A Contemporary Approach

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