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When Nate's dad gets home from work,Nate runs to him shouting,"Daddy!" His dad sweeps him up in a bear hug,gives him a gentle knuckle rub on top of his head,then lowers him to the ground in a pretend choke hold.Nate screams with delight,escapes the hold,and climbs on his dad's back to ride him like a horse.Inadvertently,Nate hurt his dad while climbing,and his dad said sternly,"That really hurt.Be nice!" What kind of lesson is Nate's dad teaching him with this bout of rough-and-tumble play?
Gross Method
Gross Method in accounting is a method for recording purchases at the full invoice price without deducting any cash discounts offered.
Periodic Inventory Method
An accounting approach that updates inventory and cost of goods sold at the end of an accounting period based on a physical count.
Merchandise
Goods or products that are bought and sold by businesses in the market.
Purchase Order
A document issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services.
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