Which is the correct order for the steps of the policy cycle? 1. a problem is identified and moved to the government's to-do list. 2. the government selects a policy that it will use to address a problem. 3. the government and the public review a policy and decide if it should be continued, altered, or cancelled. 4. the government puts a policy into effect and enforces the policy?

Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na