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    Financial Accounting Study Set 30
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    Exam 6: Merchandising Operations and the Multistep Income Statement
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    While Sales Discounts and Credit Card Discounts Can Only Be
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While Sales Discounts and Credit Card Discounts Can Only Be

Question 94

Question 94

True/False

While sales discounts and credit card discounts can only be treated as contra revenues, sales returns and allowances are treated as either a contra revenue or a selling expense.

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