If a company employs the net method of recording accounts receivable from customers, then sales...
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Accounting
If a company employs the net method of recording accounts receivable from customers, then sales discounts not taken should be Oreported as a deduction from gross sales in the income statement Oreported as an increase to sales O reported as a deduction from accounts receivable in determining the net realizable value of accounts receivable O reported as sales discounts forfeited in the cost of goods sold section of the income statement
If a company employs the net method of recording accounts receivable from customers, then sales discounts not taken should be reported as a deduction from gross sales in the income statement reported as an increase to sales reported as a deduction from accounts receivable in determining the net realizable value of accounts receivable reported as sales discounts forfeited in the cost of goods sold section of the income statement
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