A company sells goods and offers credit terms of "net 30 days." What does this mean for the company that sold the goods?
A) It does not have to ship the goods for 30 days
B) It cannot recognize the sales credit for 30 days
C) It offers a 30% discount for customers that use credit cards.
D) The customer has up to 30 days to pay back the seller for the goods purchased without penalty.
Correct Answer:
Verified
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