An e-ticket is issued on Monday with MasterCard as the payment. A refund is requested on Tuesday, but the refund is never reported to ARC. How will this transaction appear on the client's credit card statement?

• A. It will appear as a debit on the statement when the ticket is issued but will not be credited because the refund was not reported to ARC.
• B. It will appear as a credit on the statement when the refund is processed.
• C. It will not appear on the statement at all.
• D. It will appear as a debit for the refund amount.

Answer: (A)