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Chapter 2

Chapter 2

Review Questions:

1.d.
2.a. or b. The terms are interchangeable.
3.b.
4.True.
5.False. Most companies freqaently encounter customers who don’t pay.
6.True.
7.False. Sales allowance indicates a repair that’s made at, or near, the time of sale. A repair that falls under a warranty is made within a specified period after the sale, sometimes years after purchase.
8.True.


  

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