Your roommate says, Sales taxes are reported as an expense in the income statement. Do you agree?

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Your roommate says, “Sales taxes are reported as an expense in the income statement.” Do you agree? Explain.

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Accounting Principles Volume 2

ISBN: 9781119786634

9th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Question Posted: Jan 20, 2023 03:12 AM

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Your roommate says, Sales taxes are reported as an expense in the income statement. Do you agree?

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The roommate is confusing different taxes Incorporated bu...View the full answer

Accounting Principles Volume 2

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