Sales Tax Collected by a Retail Store When Making Sales

question 127

Multiple Choice

Sales tax collected by a retail store when making sales is

• A)a miscellaneous revenue for the store.
• B)a current liability.
• C)not recorded because it is a tax paid by the customer.
• D)recorded as an operating expense.

---

Definitions:

Cooperative

Working together willingly towards a common goal or benefit.

Non-social

Pertains to behavior or activities conducted in solitude or without interaction with other individuals.

Solitary Play

A type of play where a child plays alone, often engrossed in their activity, and does not seek to interact with other children or adults nearby.

Onlooker Play

A stage of children's play where a child watches others play but does not join in, often seen as a way for children to learn social cues and rules of play.