In Calculating Cost of Goods Sold, Meg Malloy Noticed That

question 337

Multiple Choice

In calculating cost of goods sold, Meg Malloy noticed that her accounting software included the freight charges on purchased goods. Your response to this procedure is:

• A)Freight charges are a legitimate part of cost of goods sold.
• B)Freight charges should be subtracted as part of general expenses.
• C)Freight charges cannot be deducted as an expense on the income statement.
• D)Freight charges are part of revenues.

---

Definitions:

Genetically Determined

Traits or characteristics that are influenced by genes inherited from parents.

Reinforcement

In behavioral psychology, it is the process of encouraging or establishing a pattern of behavior by offering reward or punishment.

Psychoanalytic

Pertaining to psychoanalysis, the theory and therapy developed by Freud that focuses on exploring unconscious desires and conflicts.

Behavioural Theories

Theories that focus on observable behaviors, emphasizing the learning processes and the effects of the environment on behavior.