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    Business
  3. Study Set
    Fundamentals of Financial Accounting
  4. Exam
    Exam 8: Reporting and Interpreting Receivables,bad Debt Expense,and Interest Revenue
  5. Question
    Credit Card Companies Charge a Fee to the Seller That
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Credit Card Companies Charge a Fee to the Seller That

Question 148

Question 148

True/False

Credit card companies charge a fee to the seller that accepts the credit cards.This fee is recorded by the seller as a non-operating expense on its income statement.

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