Which of the Following Costs Would Not Be Included in the Inventory

question 20

Multiple Choice

Which of the following costs would not be included in the inventory cost?

• A)Invoice price
• B)Cost of goods held on consignment
• C)Freight-in
• D)Sales tax

Analyze financial data to determine financial health and uncover discrepancies.

Apply principles of bank reconciliation to adjust company and bank records accurately.

Utilize internal controls for cash handling and understand their impact on financial reporting.

Understand regulatory compliance and the importance of internal controls in adhering to these regulations.

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Definitions:

Program Flow

The sequence and logic of execution of the instructions in a software program.

Action Catalog

A comprehensive collection or database of actions or operations that can be performed in a software environment or application.

Conditional Statements

Instructions in programming that perform different actions based on whether a specified condition is true or false.

And Operator

A logical operator used in programming and mathematics that returns true only if all the operands are true.