Which of the Following Is Not a Correct Statement About

question 82

Multiple Choice

Which of the following is not a correct statement about sales taxes?

• A) Sales taxes are an expense of the seller.
• B) Many companies record sales taxes in the sales account.
• C) If sales taxes are included in the sales account, the first step to find the amount of sales taxes is to divide sales by 1 plus the sales tax rate.
• D) Sales Taxes Payable is classified as a current liability.

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Definitions:

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The sense of taste, which is one of the five traditional senses and involves the detection of flavors by taste buds on the tongue.

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Squamous Epithelial Cells

Flat, scale-like cells that form the outermost layer of the skin and line the oral cavity, esophagus, and other organs.

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Naturally occurring chemical compounds containing basic nitrogen atoms, often found in plants and possessing pharmacological effects.