Which of the Following Is NOT Considered When Figuring Net

question 52

Multiple Choice

Which of the following is NOT considered when figuring net purchases?

• A)Cost of goods sold
• B)Purchase returns
• C)Purchases discounts
• D)Purchases

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Definitions:

Congress

The legislative branch of the federal government in countries such as the United States, consisting of two houses: the Senate and the House of Representatives, responsible for making laws.

Federal Budget

This refers to the government's estimate of spending and revenue for a specific fiscal year.

President

The elected head of a republican state.

Congress

The legislative branch of the United States federal government, composed of the House of Representatives and the Senate, responsible for making federal laws.