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  3. Study Set
    Fundamental Financial Accounting Concepts
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    Exam 4: Accounting for Merchandising Businesses
  5. Question
    A Discount Given to Encourage Prompt Payment Is Called
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A Discount Given to Encourage Prompt Payment Is Called

Question 36

Question 36

Multiple Choice

A discount given to encourage prompt payment is called:


A) a cash discount.
B) a sales discount by the seller.
C) a purchase discount by the buyer.
D) all of these answer choices are correct.

Correct Answer:

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