Multiple Choice
A trade discount is:
A) A term used by a purchaser to describe a cash discount given to customers for prompt payment.
B) A reduction in selling price below the list price.
C) A term used by a seller to describe a cash discount granted to customers for prompt payment.
D) A reduction in price for prompt payment.
E) Also called a rebate.
Correct Answer:
Verified
Correct Answer:
Verified
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