CDFM Module 3 Practice Questions - CDFM Module 3 - Accounting & Finance Exam

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Under the Prompt Payment Act, what is the standard payment due date for a properly submitted invoice when no other date is specified by contract?

30 days after receipt of a proper invoice 15 days after receipt of a proper invoice 45 days after receipt of a proper invoice 60 days after receipt of a proper invoice

Correct Answer:

30 days after receipt of a proper invoice

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