Purchases Discount:
A) is a contra-cost account.
B) has a normal debit balance.
C) decreases Net Income.
D) All of the above are correct.
Answer: A
Business
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A strategy of exclusive dealing is most likely considered legal if ________
A) the industry is newly developed B) both parties have large territories C) competition is not substantially lessened D) the dealer agrees to promote the competitor's products E) the dealer receives a steady source of supply and support
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