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Which of the following first identified many of the defense mechanisms and believed that these defense mechanisms were unconscious?
Terms 4/15, N/60
A commercial credit term indicating that a 4% discount is available if paid within 15 days, with the net (full) amount due within 60 days.
Discount Lost
The expense incurred when a company fails to take advantage of the early payment discounts offered by suppliers.
Gross Method
An accounting method for recording purchases at the invoice's gross amount before any trade discounts are subtracted.
Net Method
A way to record purchases of inventory with a discount for early payment, where the purchase is recorded at the net of the discount and the discount is lost if not taken.
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