Sales Taxes Collected by a Retailer Are Reported as

question 56

Multiple Choice

Sales taxes collected by a retailer are reported as

• A) contingent liabilities.
• B) revenues.
• C) expenses.
• D) current liabilities.

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Definitions:

Descartes

A 17th-century French philosopher, mathematician, and scientist who made significant contributions to the development of modern philosophy and the theory of knowledge.

Artistic Relics

Historical objects or pieces of art which hold cultural, religious, or sentimental value, often preserved due to their significance.

Emotional Expressions

The way emotions are outwardly displayed and communicated to others through facial expressions, voice pitch, body language, and other behaviors.

Darwin

Charles Darwin, a 19th-century naturalist, geologist, and biologist known for his theory of evolution through natural selection.