Which of the following would NOT be considered as a component of 'cost' of stock?
A. Transportation inward costs
B. Import duties
C. Salaries of selling staff
D. Purchase price
Answer: Option C
Solution(By Examveda Team)
Salaries of selling staff would NOT be considered as a component of 'cost' of stock. When investors purchase shares of stock, the price paid includes two components: the price of the stock and the fee charged by the brokerage firm, called commission.Related Questions on Accounting
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D. All of the above
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