Examlex
Which of the following companies will most likely use a process costing system?
Cash Discount
A cash discount is a reduction in the invoice price offered by a seller to the buyer in return for early payment of their bill, as a way to encourage quicker payment.
Net 30
A payment term indicating that full payment is due within 30 days of the invoice date.
Trade Discount
A reduction in the listed price of goods or services offered by a seller to buyers in the same trade.
List Price
The official selling price of a product or service announced by a manufacturer or service provider before any discounts or promotions.
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