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    Intermediate Accounting Study Set 9
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    Exam 7: Cash and Receivables
  5. Question
    Trade Discounts Are
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Trade Discounts Are

Question 106

Question 106

Multiple Choice

Trade discounts are


A) not recorded in the accounts; rather they are a means of computing a price.
B) used to avoid frequent changes in catalogues.
C) used to quote different prices for different quantities purchased.
D) all of the above.

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