If the Receivable for a Student Is $8,000 and the Student

question 4

Multiple Choice

If the receivable for a student is $8,000 and the student pays only $500 as the result of receiving an athletic scholarship from the school,what would be the appropriate debits

• A) Debit Cash.
• B) Debit Cash and Debit Expense.
• C) Debit Expense.
• D) Debit Cash and Debit Tuition Discount on Accounts Receivable.

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Definitions:

Carol Gilligan

An American feminist, ethicist, and psychologist known for her work on ethical relationships and moral development, particularly in the context of gender.

Conventional morality

A stage in moral development where individuals conform to societal norms and laws, often to uphold authority and maintain social order.

Kohlberg

A theorist known for his work on the development of moral reasoning in individuals, categorizing this development into stages.

Preindustrial societies

Societies characterized by an economy based on agriculture, with limited technological development and a predominance of subsistence farming.