question archive Answer true or false: If a company records a purchase at the net cost and then fails to take advantage of the discount, the discount not taken is recorded in the interest expense account

Answer true or false: If a company records a purchase at the net cost and then fails to take advantage of the discount, the discount not taken is recorded in the interest expense account

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Answer true or false:

If a company records a purchase at the net cost and then fails to take advantage of the discount, the discount not taken is recorded in the interest expense account.

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