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    Intermediate Accounting Study Set 7
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    Exam 9: Short-Term Operating Assets: Cash and Receivables
  5. Question
    The Sales Discounts Forfeited Account Is Classified as a Contra-Revenue
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The Sales Discounts Forfeited Account Is Classified as a Contra-Revenue

Question 88

Question 88

True/False

The Sales Discounts Forfeited account is classified as a contra-revenue account.

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