When Using the Periodic Inventory System, Which of the Following

question 84

Multiple Choice

When using the periodic inventory system, which of the following generally would not be separately accounted for in the computation of cost of goods sold?

• A)Trade discounts applicable to purchases during the period
• B)Cash (purchase) discounts taken during the period
• C)Purchase returns and allowances of merchandise during the period
• D)Cost of transportation-in for merchandise purchased during the period

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Definitions:

Nonverbal Communication

The transmission of messages or information through means other than verbal language, including body language, gestures, and facial expressions.

Voice Intonation

The variation in pitch and tone in speaking, which can convey different emotions, attitudes, or emphases.

Sender's Actions

The behaviors and choices made by the initiator of a communication in order to convey a message to a receiver.

E-mail

A digital method of exchanging messages over the internet between people using electronic devices.