What COST OF GOODS SOLD means: Beginning inventory plus direct purchases, direct labor costs, and overhead costs less withdrawals for personal use and ending inventory. Sole proprietors compute their cost of goods sold in Part III of Schedule C.
- Definition Capital Stock:
- Dictionary Shares of stock that represent ownership of a portion of the corporation cost of goods sold definition.
- Definition Contract Price:
- Dictionary installment sale, one of the amounts used to compute the percentage of each principal payment that is taxable as gain. The contract is equal to the gross selling price when no mortgages are assumed cost of goods sold explain.
- Definition Child Support Payments:
- Dictionary to a court order, divorce decree, or other legal obligation for the support of a taxpayer's child. Payments for child support do not constitute alimony and are not includible in gross income by cost of goods sold what is.
- Definition Commission:
- Dictionary The broker's fee for purchasing or selling securities or property for a client. An allowance paid to a salesperson or agent for services rendered cost of goods sold meaning.
How works Cost of Goods Sold meaning in Tax definitions C .