Which of the Following Would Not Be Classified as a Contra

question 120

Multiple Choice

Which of the following would not be classified as a contra account?

• A) Inventory
• B) Sales Returns and Allowances
• C) Accumulated Depreciation
• D) Sales Discounts

---

Definitions:

Homogeneous Oligopoly

A market structure in which a few firms offer identical or very similar products or services, leading to significant interdependence in decision-making.

Pure Monopoly

exists when a single firm is the sole provider of a product or service in a market, without any close substitutes, giving it substantial control over pricing.

Demand Schedule

An illustration that details the quantity of a commodity or service that individuals are eager and have the means to purchase at varying prices.

Profit-Maximizing

The process or strategy employed by firms to increase their profits to the highest possible level.