Question: When the net price method is used to record credit sales, the selling company assumes the customer will take the discount and records the accounts

When the net price method is used to record credit sales, the selling company assumes the customer will take the discount and records the accounts receivable and sales revenue for:

.

the net invoice price.

.

cost of goods sold plus a desired markup percentage.

.

the gross invoice price.

.

cost of goods sold

When the net price method is used to record credit sales,

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