Which of the Following Is GENERALLY the Major Cost of Inventory

question 3

Multiple Choice

Which of the following is GENERALLY the major cost of inventory?

• A)Cost of sales
• B)Advertising
• C)Buildings
• D)Salary expense

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Definitions:

Net Income

The net earnings a company obtains once all costs and taxes are subtracted from its income.

Net Cash Flow

The measure of a company's financial health, showing the cash generated or used in its business activities during a specific timeframe, restated to avoid repetition.

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Depreciation

The process of allocating the cost of a tangible asset over its useful life.