Consider the Following Short Case as You Respond to the Question

question 15

Multiple Choice

Consider the following short case as you respond to the question: VLC Corporation sold merchandise with a cost of $200 on account for $300 to PRT Corporation; credit terms were 2/10, n/30.VLC paid the outgoing freight charge of $10.PRT paid the invoice within the discount period.The entries in VLC's accounting information system to record all the preceding events will include all of the following except:

• A)A debit to cost of goods sold.
• B)A debit to delivery expense.
• C)A credit to gross profit.
• D)A credit to inventory.

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Definitions:

General Adaptation Syndrome

A theoretical model describing the body's short-term and long-term reactions to stress, consisting of three stages: alarm, resistance, and exhaustion.

Mediating Factors

Variables that explain the relationship between two other variables, essentially serving as a bridge or mediator in their interaction.

Dopamine Neurons

Neurons that produce and release dopamine, a neurotransmitter that plays a key role in reward, motivation, memory, attention, and even regulating body movements.

Role Models

Individuals whose behavior, example, or success is or can be emulated by others, especially by younger people.