Multiple Choice
Computers For You is a retailer specializing in selling computers and related equipment.Which of the following would not be reported in the merchandise inventory account reported on the statement of financial position for Computers For You at December 31, 2011?
A) Computer purchased for resale during November 2011.
B) Shelving materials purchased during December 2011.
C) Freight costs related to the computers purchased in November.
D) All of the choices are included in the merchandise inventory account at December 31, 2011.
Correct Answer:
Verified
Correct Answer:
Verified
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