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  3. Study Set
    Financial Accounting Information for Decisions Study Set 3
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    Exam 4: Reporting and Analyzing Merchandising Operations
  5. Question
    Either the Gross Method or Net Method May Be Used
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Either the Gross Method or Net Method May Be Used

Question 76

Question 76

True/False

Either the gross method or net method may be used to record sales with cash discounts,but the gross method requires a period-end adjusting entry to estimate expected future sales discounts taken.

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