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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. |
