Assets become liabilities when they expire

Print advertising, newspapers and magazines, is generally acknowledged as the most powerful advertising medium

Indicate whether the statement is true or false

Tangshan Mining has extended credit terms of 3/15 net 30 EOM. The cost of giving up the cash discount, assuming payment would be made on the last day of the credit period, would be ________

A) 75.26% B) 3.1% C) 72.99% D) 37.12%