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    Financial Accounting Study Set 30
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    Exam 7: Inventory and Cost of Goods Sold
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    Purchases Discounts Should Be Recorded as an Addition to the Cost
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Purchases Discounts Should Be Recorded as an Addition to the Cost

Question 77

Question 77

True/False

Purchases discounts should be recorded as an addition to the cost of purchases in the calculation of cost of goods sold.

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