Costs of Goods Sold May Include All of the Following

question 8

Multiple Choice

Costs of goods sold may include all of the following EXCEPT

• A) the actual cost of the item.
• B) shipping costs.
• C) insurance.
• D) management salaries.

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Definitions:

General Obligation Bond

A type of municipal bond backed by the credit and taxing power of the issuing jurisdiction rather than the revenue from a given project.

Bond Issue

The process by which a company or government raises capital by issuing debt securities, known as bonds, to investors.

Toll Road

A public or private roadway that charges a fee for access or passage, with the fees typically used for the road's construction, maintenance, and operation.

Commercial Paper

Short-term, unsecured promissory notes issued by companies to finance their short-term cash flow needs.