Question: When recording accounts payable, a purchase discount is recorded: a. If using the net method b. If using the gross method, but only if the

When recording accounts payable, a purchase discount is recorded:

a. If using the net method

b. If using the gross method, but only if the payment is made during the discount period.

c. If using the net method, provided the payment is made during the discount period.

d. If using the gross method, but the purchase discount is reduced by any purchase discount lost.

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