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5) How do purchase returns and allowances and purchase discounts affect gross purchases? A) Both...

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Accounting

image 5) How do purchase returns and allowances and purchase discounts affect gross purchases? A) Both are subtracted from purchases. B) Purchase returns and allowances are subtracted from purchases; purchase discounts are added to purchases. C) Purchase returns and allowances are added to purchases; purchase discounts are subtracted from purchases. D) Both are added to purchases

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