Which of the following is not true regarding a bank (or third party) credit card expense?
A. Credit card expense may be classified as a "discount" deducted from sales to get net sales.
B. Credit card expense is not recorded by the seller.
C. Credit card expense may be classified as a selling expense.
D. Credit card expense may be classified as an administrative expense.
E. Credit card expense is a fee the seller pays for services provided by the card company.
Answer: B
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Indicate whether the statement is true or false
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