If a Customer Agrees to Retain Merchandise That Is Defective

question 19

Multiple Choice

If a customer agrees to retain merchandise that is defective because the seller is willing to reduce the selling price this transaction is known as a sales

• A) discount.
• B) return.
• C) contra asset.
• D) allowance.

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Definitions:

Whirls

Circular or spiraling patterns or movements.

Euglenoid

Refers to single-celled organisms within the kingdom Protista, characterized by their ability to be both autotrophic and heterotrophic.

Elaborate Shells

Complex and intricately designed outer coverings that protect the bodies of certain animals, like snails and turtles.

Silica

A hard, unreactive chemical compound of silicon and oxygen, used in various industries and forming the major constituent of sand.