The Sales Returns and Allowances Account Is Classified as A(n)

question 25

Multiple Choice

The Sales Returns and Allowances account is classified as a(n)

• A) asset account.
• B) contra asset account.
• C) expense account.
• D) contra revenue account.

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Definitions:

Cognitive Processes

Mental activities involved in acquiring, processing, and storing knowledge, including perception, memory, and reasoning.

Behavior-Reinforcement Beliefs

The belief that positive or negative reinforcement can influence the likelihood of certain behaviors being repeated.

Learned Helplessness

The belief that events are independent of behavior and are uncontrollable, which results in behavioral deficits characteristic of depression.

External Attribution

A belief that events are beyond one’s control.