Retail Sector Companies Only Hold Two Types of Inventories: Retail

question 252

True/False

Retail sector companies only hold two types of inventories: retail inventory,and direct material.

---

Definitions:

Coverdell Education

A savings account designed to help families pay for educational expenses, from elementary through post-secondary.

CESA

Coverdell Education Savings Account; a tax-advantaged investment account in the U.S. designed to encourage savings for future education expenses.

AGI

Short for Adjusted Gross Income, which is an individual's total gross income minus specific deductions, used in the U.S. tax system to determine taxable income.

Exclusion Ratio

The portion of an annuity payment that is not subject to income tax, representing a return of investment in the annuity.