Match the Term to the Appropriate Definition

question 143

Multiple Choice

Match the term to the appropriate definition.There are more definitions than terms.
-Sales Discount

• A)Presents important subtotals,such as gross profit,to help distinguish core operating results from other,less significant items that affect net income.
• B)A reduction in the cost of inventory purchases associated with unsatisfactory goods.
• C)Refunds and price reductions given to customers after goods have been sold and found unsatisfactory.
• D)A ratio indicating the percentage of profit earned on each dollar of sales,after considering the cost of products sold.
• E)Net sales minus cost of goods sold.It is a subtotal,not an account.
• F)A sales price reduction given to customers for prompt payment of their account balance.
• G)The sum of beginning inventory and purchases for the period.
• H)A cash discount received for prompt payment of a purchase on account.
• I)Assets acquired for resale to customers.
• J)The cost of inventory lost to theft,fraud,and error.

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Definitions:

Mothers

Female parents who have given birth to, adopted, or in some cases, assumed the primary care of a child.

Negative Symptoms

Features often found in certain mental illnesses, such as schizophrenia, that include a lack or decrease in the ability to function normally, like diminished emotional expression.

Exaggerated

Describes something made to appear larger, more significant, or more important than it actually is, often through overstatement or hyperbole.

Distorted

Twisted or misrepresented from the original form, often resulting in a misleading perception or concept.