Multiple Choice
Which of the following is not true regarding a credit card expense?
A) Credit card expense may be classified as a "discount" deducted from sales in the calculation of net sales.
B) Credit card expense may be classified as a selling expense.
C) Credit card expense may be classified as an administrative expense.
D) Credit card expense is not recorded by the seller.
E) Credit card expense is a fee the seller pays for services provided by the card company.
Correct Answer:
Verified
Correct Answer:
Verified
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