Answer:
d. a deduction from sales in the income statement.
Explanation:
Sales discount: The discount which is given at the time of sale.
The treatment of sales discount is shown below:
Net sales = Sales revenue - sales discount - sales return and allowances
The sales discount is always deducted from the sales revenue to get the net sales amount , and this treatment is shown on the credit side of the income statement. As the income is received so sales account should be credited.
Hence, all other options are incorrect except d. option
<span>Occupational Health Psychologist. Such a psychologist is critical to address different stressors in the workplace and can contribute to the overall moral of the employees.</span>
The relationship between stockholders and management can best be described as a(n) <u>Agency </u>relationship.
<h3>What is an agency relationship?</h3>
An agency relationship is a type of business relationship where someone is hired to act in the best interest of the other. The person who is hired is the agent and the other person is the principal.
In a stockholder and management relationship, the stockholder is the principal who has hired management as an agent to safe guard their interests.
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Answer:
The correct answer is letter "E": All of the above may be deductible as itemized deductions
.
Explanation:
Itemized deductions can be deducted from the Adjusted Gross Income (AGI) as long as they are eligible expenses on products, services or contributions. They allow the taxpayer to pay less in contrast to the regular deduction method. Itemized deductions may include but are not limited to personal taxes, medical expenses, interest, charitable gifts, casualty losses, and state and local taxes.
The above statement "the risk of online sales in b-2-b settings is that online sales undermine long-term relationships between business partners" is true.
Sales are activities that involve the sale or quantity of goods sold during a certain targeted period. Providing a service at a cost is also considered a sale.
A seller, or supplier of goods or services, enters into a sale in response to acquisition, appropriation, requisition, or direct interaction with the buyer at the point of sale. There is a transfer of title or ownership of the item and a price settlement, where an agreement on the price will take place.
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