Question: When merchandise is returned for a refund or for credit to be applie d to other purchases, the situation is called a ( n )

When merchandise is returned for a refund or for credit to be applie
d to other purchases, the situation is called a(n)
Multiple choice question.
a reduction from list price.
a rebate from the manufacturer.
an increase in the account receivable.
a percentage reduction of the amount due for early payment.

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