What Is the Name of the Revenue Account Used by Merchandise

question 24

Multiple Choice

What is the name of the revenue account used by merchandise companies?

• A)Sales
• B)Interest Income
• C)Merchandise Inventory
• D)Capital

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Definitions:

Common Shares Outstanding

The total number of shares of a company that are owned by shareholders, excluding shares owned by the company itself.

Treasury Stock

Shares previously counted among a company's outstanding shares but were later bought back by the business.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer.

Resold

A term referring to items that have been sold and then sold again, either by the original buyer or by another party.