Which of the Following Is Not True Regarding a Credit

question 71

Multiple Choice

Which of the following is not true regarding a credit card expense?

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

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Definitions:

Presidential Secrecy

The practice of the President of the United States withholding information from the public, Congress, and even other branches of the government, usually justified by national security needs.

Foreign Affairs

The management of relationships and dealings between countries.

Policy Adviser

An expert that provides recommendations and strategic advice on specific policy issues to politicians, government departments, or other organizations.