QUESTION 39 An accounting time period that is one year in length is called: A. the time period assumption. B. a reporting period. C. a fiscal year. D. an interim period. QUESTION 40 The journal entry to record a credit sale ignoring cost of goods sold is A. Debit Accounts Receivable; Credit Sales Returns and Allowances B. Debit Accounts Receivable; Credit Sales Revenue C. Debit Cash; Credit Service Revenue D. Debit Cash; Credit Sales Revenue QUESTION 41 In the credit terms of 1/10, n/30, the "10" represents the A. percent of the cash discount. B. full amount of the invoice. C. number of days when the entire amount is due. D. number of days in the discount period