Which of the following statement is false?
A.
The credit period is the maximum number of days that the buyer can wait before paying the full amount due.
B.
The discount period is the number of days within which the buyer has to pay to receive the cash discount.
C.
Trade discounts are identical to cash discounts.
D.
The difference between list price and the price that the merchandiser has to pay for the product is equal to the amount of the trade discount