Which of the Following Is Not True Regarding a Credit

question 105

Multiple Choice

Which of the following is not true regarding a credit card expense?

• A)Credit card expense may be classified as a "discount" deducted from sales in the calculation of net sales.
• B)Credit card expense may be classified as a selling expense.
• C)Credit card expense may be classified as an administrative expense.
• D)Credit card expense is not recorded by the seller.
• E)Credit card expense is a fee the seller pays for services provided by the card company.

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Definitions:

Adipose Tissue

A type of connective tissue that is specialized in storing energy as fat, providing insulation and protection to the body.

Renal Pyramid

One of a number of pyramidal masses seen on longitudinal section of the kidney; they contain part of the loops of Henle and the collecting tubules.

Renal Papilla

The tip of the renal pyramid in the kidney that extends into the renal pelvis, through which urine flows into the ureter.

Metabolic Wastes

Substances left over from metabolic processes (like carbon dioxide, urea, and lactic acid) that need to be eliminated from the body.