Included. 2. Excluded

question 125

Essay

Included.
2. Excluded.
3. Excluded.
4. Included.
5. Excluded.
6. Included.

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Definitions:

CEO Salary Expense

It represents the compensation costs recorded on the income statement for the chief executive officer's salary and related expenses.

Finished Goods

Items that have completed the manufacturing process but have not yet been sold or distributed to end-users.

Materials Ledger

A record keeping system that tracks the quantities and costs of raw materials used and on hand in the manufacturing process.

General Ledger

A complete record of all financial transactions over the life of a company, serving as the primary source of information for the financial statements.