Which of the following is TRUE about freight in?
A) Freight in is deducted from Accounts payable.
B) Freight in is added to the cost of inventory.
C) Freight in is a selling expense.
D) Freight in is an operating expense.
Correct Answer:
Verified
Q16: A purchase return of goods purchased on
Q26: When a firm is purchasing inventory,and there
Q34: When a firm is purchasing inventory, and
Q36: What is a purchase return?
A)A customer refund
Q37: Credit terms of 2/10, n/30 indicate that
Q38: A firm that uses the perpetual inventory
Q41: Using the perpetual inventory system, discounts taken
Q42: FOB shipping point means that the:
A)seller normally
Q43: A firm that uses the perpetual inventory
Q53: A sales allowance is recorded with a
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