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CO2 acts as an acid in the reaction CaO(s) + CO2 ⇌ CaCO3(s) because it ________.
Gross Method
An accounting method where purchases are recorded at their full (gross) cost without deducting any cash discounts.
Credit Terms
Conditions under which credit is extended by a lender to a borrower, including the repayment period, interest rate, and the amount of the loan.
Sales Discounts
Reductions in the sale price offered by a seller to a buyer, typically to encourage prompt payment or in response to bulk orders.
Sales Returns
Goods returned by customers post-purchase, leading to a reversal of sales revenue.
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