FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Q26
In credit terms of 3/15, n/45, the "3"
represents
a. Full amount of the invoice
b. Percent of the cash discount
c. Number of days when the entire
amount is due
d. Number of days in the discount
period
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Transcribed Image Text:In credit terms of 3/15, n/45, the "3" represents a. Full amount of the invoice b. Percent of the cash discount c. Number of days when the entire amount is due d. Number of days in the discount period
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