Discount Allowed Is A

question 19

Multiple Choice

Discount allowed is a:

• A) cash item that is included as an outflow in the statement of cash flows.
• B) cash item that is adjusted in a note attached to the statement of cash flows.
• C) non-cash items that is deducted from accrual based revenue and thus not included in the statement of cash flows.
• D) cash item that is included as an inflow in the statement of cash flows.

---

Definitions:

Product Rises

This term seems unclear or incomplete. If referring to a situation where the price or demand for a product increases, there is no single term that universally describes this scenario as "Product Rises." NO.

Income Effect

The change in consumption resulting from a change in real income, which can itself result from changes in wages or prices.

Money Income

The total amount of monetary earnings or receipts a person or household receives from various sources including wages, dividends, and benefits.

Product Increases

Situations in which the output or availability of goods and services in the market expands.