If a company employs the gross method of recording accounts receivable from customers then sales discounts taken should be

Question

If a company employs the gross method of recording accounts receivable from customers then sales discounts taken should be reported as O a a deduction from accounts receivable in determining the net realizable value of accounts receivable O b an item of other expense in the income statement C a deduction from sales in the income statement O d sales discounts forfeited in the cost of goods sold section of the income statement Clear my choice

Kunduz · Accepted Answer

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