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Vet Manager Exam Prep

Category - CVPM

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Personal property taxes that are paid by the Veterinary Hospital for the value of the inventory, insurance premiums, and pharmacy fees are an example of what type of inventory expense?

Ordering expense
Operational expense
Holding expense
Unit cost

Explanation

Answer: C- Personal property taxes that are paid by the Veterinary Hospital for the value of the inventory, insurance premiums, and pharmacy fees are an example of holding expenses.

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