All of the Following Are True Regarding Credit Card Expense

question 100

Multiple Choice

All of the following are True regarding credit card expense except:

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

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Definitions:

Nephron

The fundamental unit of structure and function in the kidney, tasked with purifying blood and generating urine.

Metabolism

The set of life-sustaining chemical reactions in organisms that enable the conversion of food to energy, the construction of proteins and nucleic acids, and the elimination of nitrogenous wastes.

Lasix

A diuretic medication used to treat fluid build-up and swelling caused by congestive heart failure, liver disease, or kidney disease.

Diuretic

A substance that increases urine production by the kidneys, helping the body eliminate excess fluid.