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  3. under the net method, purchase discount lost are:

Under the net method, purchase discount lost are: a) deducted from discount income b) included...

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Question

Accounting

Under the net method, purchase discount lost are:

a) deducted from discount income

b) included in interest expense

c) included in purchases

d) recorded separately from accounts payable

The answer is not b)

Please provide explanation

Answer & Explanation Solved by verified expert
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