If a Company Employs the Net Method of Recording Accounts

Multiple Choice

If a company employs the net method of recording accounts receivable from customers,then sales discounts forfeited should be reported as ________.

A) sales discounts forfeited on the income statement
B) an item of "other income and expense" on the income statement
C) an increase to sales revenue on the income statement
D) a deduction from sales revenue on the income statement