A purchase discount is the amount offered to the purchaser for delaying the payment to the seller

The credit balance that arises when a net loss on a purchase commitment is recognized should be

a. presented as a current liability. b. subtracted from ending inventory. c. presented as an appropriation of retained earnings. d. presented in t

Performance goals should be all of the following except

a. Written b. Agreed upon c. Discussed d. Given to the employee without discussion