Which of the Following Does Not Correctly Describe the Effect

question 133

Multiple Choice

Which of the following does not correctly describe the effect of a journal entry involving the recording of a credit card discount?

• A)Net sales decrease and net income decreases.
• B)Net sales decrease,operating expenses increase,and net income remains the same.
• C)Operating expenses remain the same and net income decreases.
• D)Net sales decrease and gross profit decreases.

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Definitions:

Theory

An organized set of observations to describe, explain, and predict a phenomenon.

Cohorts

Groups of individuals who share a common characteristic or experience within a defined period, often used in research to compare changes over time.

Finding

The act of discovering or identifying something through exploration or investigation.

Structured Observation

An observational measure in which an individual’s behavior is viewed and recorded in a controlled environment; a situation created by the experimenter.