How Do Purchase Returns and Allowances and Purchase Discounts Affect

question 113

Multiple Choice

How do purchase returns and allowances and purchase discounts affect net purchases?

• A)Both are added to purchases.
• B)Both are subtracted from purchases.
• C)Purchase returns and allowances are added to purchases; purchase discounts are subtracted from purchases.
• D)Purchase returns and allowances are subtracted from purchases; purchase discounts are added to purchases.

---

Definitions:

Similar Processes

Refers to analogous methods or sequences of actions that occur in different contexts but produce comparable outcomes or effects.

Fast Food

A type of mass-produced food designed for commercial resale and with a strong priority placed on "speed of service" over other quality factors.

Late Stage Modernity

A term often associated with contemporary society characterized by advanced technological development, global interconnectedness, and complex social structures.

Risk Societies

Societies characterized by the prevalence of modern risks and hazards that are a byproduct of technological and industrial development, often surpassing traditional societal divisions and requiring new forms of management.