Companies can report credit card expense as a discount deducted from sales or as a selling expense.

Name: Companies can report credit card expense as a discount deducted from sales or as a selling expense.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Companies have the option to report credit card expenses as a discount deducted from sales or as a selling expense on their financial statements. This can affect how the expenses impact the company's bottom line and net income.

Companies Can Report Credit Card Expense as a Discount Deducted