Which of the following specifies the amount of cash discounts and the time period during which they are offered?

Current replacement cost
Credit terms
Depreciation
Cost of goods purchased

Credit terms

Rationale: Credit terms specify the amount of cash discounts and the time period during which they are offered. They are standard or negotiated terms that control the monthly and total credit amount, maximum time allowed for repayment, discount for cash or early payment, and the amount or rate of late payment penalty.