All of the Following Are True Regarding Credit Card Expense

question 114

Multiple Choice

All of the following are true regarding credit card expense except:

• A)Credit card expense may be classified as a "discount" deducted from sales to get net sales.
• B)Credit card expense may be classified as a selling expense.
• C)Credit card expense may be classified as an administrative expense.
• D)Credit card expense is not recorded by the seller.
• E)Credit card expense is a fee the seller pays for services provided by the card company.

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Definitions:

Perinatal Death

The death of a fetus or an infant during the period shortly before or after birth.

Death Of A Child

A profoundly devastating event involving the loss of a son or daughter of any age, which can have significant emotional and psychological effects on the family.

Manifest Feelings

Emotions that are openly displayed or expressed, allowing for observation and recognition by others.

Death Of A Parent

A significant and often traumatic event in an individual's life, leading to profound emotional, psychological, and sometimes financial consequences.