Which of the Following Is an Example of a Contra

question 106

Multiple Choice

Which of the following is an example of a contra account?

• A)Merchandise Inventory
• B)Accounts Payable
• C)Cost of Goods Sold
• D)Accumulated Depreciation
• E)Deferred income taxes payable

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Definitions:

Labor-market Discrimination

Unfair treatment of workers based on personal characteristics unrelated to their job performance or skills, such as race, gender, or age.

Racial Minority

A group of people identified by their race who make up a smaller percentage of the total population than the majority group.

Labor Market

The supply of available workers in relation to available work.

Wages

The monetary compensation paid by employers to employees for their labor, typically calculated on an hourly, daily, or piecework basis.