Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do movie theaters qualify for cost of goods sold?

April 26, 2017COST movie qualify sold theaters

0

Posted

Do movie theaters qualify for cost of goods sold?

1 Answer

0

Posted

A movie theater qualifies for cost of goods sold for its concession sales. The movie theater is not distributing tangible personal property and therefore does not qualify for cost of goods sold for royalty payments made for the right to use the property.