Trisha, Who Is 3 Years Old, Views an Event in Which

question 97

Multiple Choice

Trisha, who is 3 years old, views an event in which no cause is visible. She is MOST likely to:

• A) expect that someone tricked her.
• B) actively search for the cause.
• C) laugh.
• D) do none of these.

---

Definitions:

Sales Tax

A tax on sales or on the receipts from sales, typically added to the purchase price by the seller.

Gross Profit

The difference between revenue and the cost of goods sold before deducting overhead, payroll, taxation, and interest payments.

Selling Expenses

Expenses that are incurred directly in the selling of merchandise.

Periodic Inventory

A system in which the inventory is physically counted at certain periods and the cost of goods sold is calculated thereafter.