A Refund Liability Account Is Not Debited If a Customer

question 43

Multiple Choice

A Refund Liability account is not debited if a customer

• A)returns defective merchandise.
• B)receives a credit for merchandise of inferior quality.
• C)pays within the discount period.
• D)returns goods that are not in accordance with specifications.

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Definitions:

Male Gametophyte

The haploid stage in the life cycle of plants that produces the male gametes or sperm cells.

Diploid Sporophyte

The phase in the life cycle of plants and some algae that has two sets of chromosomes and typically produces spores.

Angiosperm Life Cycle

A reproductive cycle that includes both asexual and sexual phases, characterized by the development of flowers and formation of seeds within an enclosed ovary.

Club Mosses

Ancient group of non-flowering plants belonging to the class Lycopodiopsida, similar in appearance to true mosses but more closely related to ferns.