All of the Following Accounts Are Included in the Calculation

question 130

Multiple Choice

All of the following accounts are included in the calculation of gross profit except:

• A)Cost of Goods Sold
• B)Sales
• C)Sales Discounts
• D)Delivery Expense
• E)Sales Returns and Allowances

---

Definitions:

External Stimuli

Any information or events from the external environment that can provoke a response from an organism or system.

Higher Brain Functioning

Complex cognitive processes such as thinking, reasoning, memory, and learning, which are associated with the brain's cerebral cortex.

Two-Factor Theory

A theory on emotion that suggests emotions are based on physiological arousal and cognitive interpretation of that arousal.

Stimuli

External events or circumstances that evoke a response from an organism.