Freight out is an addition to the Inventory account if the company uses the perpetual inventory method.
Correct Answer:
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Q23: FOB shipping point means that the:
A) seller
Q24: FOB Destination means that the:
A) seller normally
Q25: A company that uses the perpetual inventory
Q26: If a company,using a perpetual inventory system,purchases
Q27: A company that uses the perpetual inventory
Q29: What is a purchase return?
A) A return
Q30: A purchase return of goods purchased on
Q31: Which of the following is TRUE about
Q32: What is freight in?
A) Transportation costs to
Q33: An invoice in the amount of $600.00
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