Which of the Following Statements Correctly Describes the Effect of Recording

question 60

Multiple Choice

Which of the following statements correctly describes the effect of recording the collection of a $10,000 account receivable for which a 2% sales discount was recorded at the time of collection?

• A)Current assets will remain the same.
• B)Gross profit will decrease $200.
• C)Accounts receivable will decrease $9,800.
• D)Net sales will increase $9,800.

Understand the clinical and experimental significance of split-brain operations.

Explain the role of environmental factors and physical activity on brain development and function.

Understand the basis and impact of federal acts on air and water pollution control.

Recognize the purpose and requirements of Environmental Impact Statements.

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Definitions:

Hofstede's Dimensions

A framework for cross-cultural communication, which describes the effects of a society's culture on the values of its members, and how these values relate to behavior.

United States

A country in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Socialization

The process through which an organization communicates its values to new employees.

Organization

A group of people who work together in an organized way for a shared purpose.