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Juliette [100K]
3 years ago
10

When a seller allows a buyer thirty to sixty days to pay for a purchase, the sales arrangement is called a. a promissory note. b

. equity financing. c. trade credit. d. a bank loan. e. None of these answers is correct.
Business
1 answer:
Helga [31]3 years ago
8 0

The sales arrangement when a seller allows a buyer thirty to sixty days to pay for a purchase is known as Trade credit

A trade credit is an arrangement that exists between buyers and sellers with respect to exchange of goods and services.

In trade credit, the supplier allows the buyer purchase on credit and pay later usually between 30, 60 or 90 days.

Hence, trade credit is where a seller allows a buyer thirty to sixty days to pay for a purchase.

Learn more about trade credit in this link : brainly.com/question/7575180

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At the beginning of 2016, Gannon Company received a three-year zero-interest-bearing $1,000 trade note. The market rate for equi
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d. Overstate, understate, understate, zero

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The amount of earnings overall is the same. so, in the end, there is n difference in retained earnings.

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