Which of the Following Does Not Correctly Describe the Effect

question 133

Multiple Choice

Which of the following does not correctly describe the effect of a journal entry involving the recording of a credit card discount?

• A)Net sales decrease and net income decreases.
• B)Net sales decrease,operating expenses increase,and net income remains the same.
• C)Operating expenses remain the same and net income decreases.
• D)Net sales decrease and gross profit decreases.

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Definitions:

National Woman's Suffrage Association

An organization founded in 1869 that worked to secure women the right to vote in the United States, part of the broader women's suffrage movement.

Democracy

A system of government by the whole population or all the eligible members of a state, typically through elected representatives.

Jeannette Rankin

The first woman to hold federal office in the United States, serving as a member of Congress from Montana and known for her advocacy for women's suffrage and peace.

Espionage Act

A United States federal law passed in 1917 that was aimed at prohibiting acts of espionage and interference with military operations or recruitment.