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Which of the Following Is Not True Regarding a Credit

Question 71

Multiple Choice

Which of the following is not true regarding a credit card expense?


A) Credit card expense is not recorded by the seller.
B) Credit card expense may be classified as a selling expense.
C) Credit card expense is a fee the seller pays for services provided by the card company.
D) Credit card expense may be classified as a "discount" deducted from sales to get net sales.
E) Credit card expense may be classified as an administrative expense.

Correct Answer:

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