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Royal Inc. offers terms of 4/10, net 60 for its accounts receivable. The company issues an invoice for $73,000. How should Royal record the invoice if it uses (a)the gross method and (b)the net method?
Great Lakes
A group of five large, interconnected freshwater lakes located on the border between the United States and Canada, significant for their natural resources and as a transportation route.
Stable National Government
A government that is consistently able to provide services, enforce laws, and maintain order without frequent changes or interruptions.
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