Which of the Following Correctly Describes the Following Journal Entry $\quad$

question 28

Multiple Choice

Which of the following correctly describes the following journal entry? Cash
Sales discounts
$\quad$$\quad$ Accounts receivable

• A)The gross profit percentage remains the same.
• B)Operating income decreases.
• C)Current assets increase.
• D)Net sales increases.

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Definitions:

Repeater

A device that receives a signal and retransmits it at a higher power or to the other side of an obstruction, so that the signal can cover longer distances without degradation.

Network Protocol

A formal set of rules and conventions that govern how data is communicated over a network, ensuring successful data transmission between different devices.

Data Transmission

The process of transferring data between two or more entities through any transmission medium, whether it's wired, wireless, or fiber optics.

Network Devices

Hardware components that are used to connect computers or other electronic devices together so they can share files, resources, or communicate.