Collecting Sales Taxes from Customers

question 20

Multiple Choice

Collecting sales taxes from customers

• A) decreases net income.
• B) increases the debt/equity ratio.
• C) increases the current ratio.
• D) decreases net worth.

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Definitions:

Genetically Variable

Describes organisms or populations that exhibit genetic diversity, allowing for adaptation and evolution over time.

Characteristics

Features or qualities that distinguish an organism or object from others, often used to classify or identify them.

Life

Life refers to the condition that distinguishes animals, plants, and other organisms from inorganic matter, marked by growth, reproduction, and the capacity to adapt to the environment.

Plant

A living organism belonging to the kingdom Plantae, typically growing in a permanent site, absorbing water and inorganic substances through its roots, and synthesizing nutrients in its leaves by photosynthesis.