Which of the Following Does Not Correctly Describe the Following

question 30

Multiple Choice

Which of the following does not correctly describe the following journal entry? Cash
Credit card discount
Accounts receivable

• A) Current assets decrease.
• B) Gross profit decreases.
• C)Net sales decreases.
• D)Net income is not affecteD.The debit to the credit card discount account is a contra-revenue account, which reduces both gross profit and operating income.

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Definitions:

Reliability

The level of consistency and stability in the results from an evaluation method over a period.

Utility

In economics, the total satisfaction received from consuming a good or service.

Big Five Personality Dimensions

A model outlining five broad dimensions of human personality: openness to experience, conscientiousness, extraversion, agreeableness, and neuroticism.

Neuroticism

A personality trait characterized by the tendency to experience negative emotions such as anxiety, anger, or depression more easily than others.