Question: The net price method a . maintains an up - to - date cost of goods sold account balance. b . establishes ending inventory by

The net price method
a. maintains an up-to-date cost of goods sold account balance.
b. establishes ending inventory by performing a physical count.
c. records the discount only if it is not taken.
d. deducts the amount of the discount from the purchase if the buyer pays within the discount period.

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