Which Statement Is Correct

question 11

Multiple Choice

Which statement is correct?

• A)The "gross" method for recording cash discounts is conceptually better than the "net" method.
• B)The net method understates expenses.
• C)The gross method overstates revenue.
• D)Under the "gross" method, an entry is needed if the discount is taken.

---

Definitions:

Structure

The arrangement or organization of component parts; can refer to physical, social, or abstract systems.

Psychodynamic Perspective

A psychological viewpoint that emphasizes the role of unconscious dynamics, motives, conflicts, and past experiences in shaping human behavior.

Empirical Evidence

Information acquired by observation or experimentation that serves as the basis for knowledge and validation in scientific research.

Modern Personality Psychology

A branch of psychology that studies personality and individual differences, incorporating contemporary theories and research to understand how people think, behave, and interact.