CHAPTER 9—VALUING ACCOUNTS RECEIVABLE AND …

Retailers can receive cash more quickly from the credit card issuer. A credit card sale occurs when a company accepts national credit cards, such as Visa, MasterCard, Discover, and American Express. Three parties involved when credit cards are used in making retail sales are: (1) the credit card issuer, (2) the retailer, and (3) The customer. ................
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