A Sales Discount Does Not

question 157

Multiple Choice

A sales discount does not

• A)provide the purchaser with a cash saving.
• B)reduce the amount of cash received from a credit sale.
• C)increase a contra revenue account.
• D)increase an operating expense account.

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Definitions:

Dominant Classes

Social groups possessing the majority of wealth, power, and status in a society, and who use these resources to exert control over other classes.

Mass Media

A diverse array of media technologies that reach a large audience via mass communication, including television, radio, newspapers, and the internet.

Functionalism

A theoretical framework in sociology that sees society as a complex system whose parts work together to promote solidarity and stability.

Social Order

The organized and patterned ways in which societies are structured, reflecting established systems of social norms, roles, and expectations that govern individual behavior.