In a Merchandising Company's Income Statement, Which of the Following

question 2

Multiple Choice

In a merchandising company's income statement, which of the following would NOT be included in the Cost of Goods Sold calculation?

• A)Shipping costs from the manufacturer to the merchandiser
• B)Sales commissions
• C)Returns of inventory purchases
• D)Sales taxes on inventory purchases, as shown on the invoices

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Definitions:

Self-fulfilling Prophecy

A belief or expectation that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Ethnocentrism

Ethnocentrism is the belief in the superiority of one's own ethnic group or culture, often accompanied by a disregard or contempt for other cultures.

Ageism

Prejudice and discrimination toward older people.

Self-esteem

Confidence and satisfaction in oneself; a reflection of how an individual values themselves.