MCQOPTIONS
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MCQOPTIONS
| 1. |
Payment made to creditor is with cashdiscount is ____? |
| A. | reduce asset u0026 reduce liability, add to income |
| B. | increase asset u0026 reduce liability, add to income |
| C. | reduce asset u0026 reduce liability, add to expenses |
| D. | reduce asset u0026 increase liability, add to expenses |
| Answer» B. increase asset u0026 reduce liability, add to income | |