Examlex
Which of the following statements best describes the initiation of translation?
Purchase Of Inventory
The act of acquiring goods or raw materials that a company intends to sell in its normal business operations.
Terms 2/15
A payment term indicating that a buyer can take a 2% discount on the invoice amount if the payment is made within 15 days of the invoice date.
Net 45
This payment term requires the buyer to pay the total net amount due within 45 days after the invoice date or goods receipt.
Income From Operations
Earnings derived from a company's primary business activities before taxes and extraordinary items.
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