If Damaged Goods Are Received by the Merchandiser and Are

question 77

Multiple Choice

If damaged goods are received by the merchandiser and are kept with a reduction in price, the account to be credited for the reduction in price under a perpetual inventory system is:

• A) Inventory.
• B) Accounts Payable.
• C) Purchases Discount.
• D) Cash.
• E) Sales Discounts.

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Definitions:

Selective Attention

The process by which a person focuses on one input or task while ignoring other stimuli.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates.

Focus

Concentration on a particular task or object, maintaining attention on it.

Selective Attention

The process of focusing on a particular object in the environment for a certain period of time, while ignoring irrelevant information.