Which of the Following Statements About Accounting for Discounts Is

question 73

Multiple Choice

Which of the following statements about accounting for discounts is true?

• A) The net price method highlights sales discounts not taken and the gross price method highlights sales discounts taken.
• B) The net price method highlights sales discounts taken and the gross price method highlights sales discounts not taken.
• C) The net price method highlights trade discounts not taken and the gross price method highlights trade discounts taken.
• D) The net price method highlights trade discounts taken and the gross price method highlights trade discounts not taken.

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Definitions:

Employment Inequity

Unequal treatment or disparities in the workplace related to hiring, pay, promotion, and working conditions based on gender, race, or other characteristics.

Gender Gap

The difference in outcomes such as wages, education, and opportunities between genders, highlighting inequalities.

Coffee Shop

A retail establishment that primarily serves coffee and other refreshments, often providing a place for social interaction or work.

Janitorial Duties

Tasks involved in the cleaning and maintenance of buildings and grounds, such as sweeping, mopping, trash removal, and minor repairs.