Which of the Following Does Not Correctly Describe the Effect

question 83

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 gross profit decreases.
• B) Net sales decrease and net income decreases.
• C)Operating expenses remain the same and net income decreases.
• D)Neither operating expenses, nor net income is affecteD.The journal entry includes a debit to credit card discount, which is a contra-revenue account and therefore reduces net sales, gross profit, and net income.

---

Definitions:

Sizing Handle

A graphical interface element that allows users to resize a window or a frame by dragging it.

Proportions

The relationship or ratio between quantities or dimensions of different elements, often used to ensure balance and harmony in design or composition.

Shape Styles Gallery

A collection in graphic design software that provides various preset visual styles for shapes, including borders, fill colors, and effects.

Shape Outline Arrow

A graphical element in document and presentation software that allows the user to add arrows with customized outlines to emphasize direction or flow.