Which One of the Following Statements Is Correct

question 12

Multiple Choice

Which one of the following statements is correct?

• A)The credit period begins when the discount period ends.
• B)The discount period is the length of time granted to a customer to pay for a purchase.
• C)The credit period begins on the invoice date.
• D)With terms of 2/10, net 30, the net credit period is 20 days.
• E)With EOM dating, all sales are assumed to have occurred on the 15^th of each month.

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