ABC Company Sells Goods to the XYZ Company for $1,000

question 27

Multiple Choice

ABC company sells goods to the XYZ Company for $1,000, It offers credit terms of 2/10, n/30. If XYZ Company pays the invoice within the discount period, ABC Company will record a debit to cash in the amount of:

• A) $20.
• B) $200.
• C) $980.
• D) $1,000.

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Definitions:

Gender Differences

The distinctions between males and females that can be biological, psychological, or social in nature.

Social Role Theory

A theory that suggests gender differences are socially constructed and arise from the distribution of men and women into different roles in society.

Alice Eagly

A prominent psychologist known for her research on gender roles, social role theory, and gender differences in leadership.

Diane Halpern

An American psychologist known for her research in critical thinking, sex differences in cognitive abilities, and psychology of gender.