Question: Which statement is correct? The net method for recording cash discounts is conceptually inferior to the gross method. Under the net method, an entry is

Which statement is correct?
The "net" method for recording cash discounts is conceptually inferior to the
"gross" method.
Under the "net" method, an entry is needed if the discount is not taken.
The "gross" method for recording cash discounts is conceptually superior to the
"net" method.
The gross method overstates revenue.
Which statement is correct? The "net" method for recording cash discounts

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