Which of the following does not correctly describe the effect of a credit card discount?
A)Net sales decrease and gross profit decreases.
B)Net sales decrease and net income decreases.
C)Operating expenses remain the same and net income decreases.
D)Neither operating expenses nor net income is affected

Question

Quizplus · Accepted Answer

Credit card discounts reduce net sales and net income, but they do not affect operating expenses directly.

Which of the Following Does Not Correctly Describe the Effect