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PayPal and National Credit Card Companies Charge a Fee for Their

Question 213

Multiple Choice

PayPal and national credit card companies charge a fee for their services.How do sellers report these transaction fees on their financial statements?


A) In current assets on the balance sheet
B) As a deduction from net sales revenue on the income statement
C) As selling expenses on the income statement
D) As cost of goods sold on the income statement

Correct Answer:

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