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All of the following statements about free cash flow are false except:
Merchandising Company
A business entity that purchases finished products and sells them to consumers without changing the form or nature of the goods.
Service Company
A business that generates revenue through the provision of services rather than selling physical products.
Sales Returns And Allowances
Transactions where a customer returns goods to the seller or receives a reduction in the invoice price, thereby reducing the seller's sales revenue.
Sales Discounts
Reductions in the amount charged to customers as an incentive for early payment, recorded as a deduction from gross sales to calculate net sales.
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