Which of the Following Would NOT Be Included in Ending

question 134

Multiple Choice

Which of the following would NOT be included in ending inventory of the seller?

• A) Goods shipped to customers,
• B) Goods purchased from suppliers,
• C) Goods held on consignment
• D) Goods out on consignment

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Definitions:

Payroll Tax

Dues extracted from employers or laborers, usually as a percentage of the salary expenditures.

Payroll Tax

Taxes imposed on employers and/or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

Labor Supply

The total hours that workers are willing and able to work at a given wage rate.

Payroll Tax

Levies charged to both employers and employees, based on a percentage of the wages that employees receive from their employers.