Multiple Choice
How do purchase returns and allowances and purchase discounts affect gross purchases?
A) Both are added to purchases.
B) Both are subtracted from purchases.
C) Purchase returns and allowances are added to purchases;purchase discounts are subtracted from purchases.
D) Purchase returns and allowances are subtracted from purchases;purchase discounts are added to purchases.
Correct Answer:
Verified
Correct Answer:
Verified
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