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    Exam 16: Managing Short-Term Liabilities Financing
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    If You Receive Some Goods on April 1 with the Terms
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If You Receive Some Goods on April 1 with the Terms

Question 8

Question 8

True/False

If you receive some goods on April 1 with the terms 3/20, net 30, June 1 dating, it means that you will receive a 3 percent discount if the bill is paid on or before June 20 and that the full amount must be paid 30 days after receipt of the goods.

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