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    Financial Accounting Study Set 30
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    Exam 6: Merchandising Operations and the Multistep Income Statement
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    Both Credit Card Discounts and Cash Discounts Can Be Recorded
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Both Credit Card Discounts and Cash Discounts Can Be Recorded

Question 43

Question 43

True/False

Both credit card discounts and cash discounts can be recorded either as contra revenues or as expenses.

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