Your roommate says, Sales tax is a part of the cost of doing business and should be

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Your roommate says, "Sales tax is a part of the cost of doing business and should be reported in the cost of goods sold section of the income statement." Do you agree? Explain.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jan 11, 2017 10:22 AM

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Your roommate says, Sales tax is a part of the cost of doing business and should be

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Disagree The company only serves as a collection agent for the tax...View the full answer

Financial Accounting Tools for Business Decision Making

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