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    Financial Accounting Tools Study Set 4
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    Exam 5: Merchandising Operations and the Multiple-Step Income Statement
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    If a Purchaser Using a Perpetual Inventory System Pays the Transportation
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If a Purchaser Using a Perpetual Inventory System Pays the Transportation

Question 2

Question 2

Multiple Choice

If a purchaser using a perpetual inventory system pays the transportation costs for goods purchased, then the


A) Inventory account is increased.
B) Inventory account is not affected.
C) Freight-Out account is increased.
D) Delivery Expense account is increased.

Correct Answer:

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