Multiple Choice
Which of the following is TRUE about freight in?
A) Freight in is a selling expense.
B) Freight in is deducted from Accounts payable.
C) Freight in is added to the cost of inventory.
D) Freight in is an operating expense.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q44: Which of the following is the result
Q45: From the following details,calculate net sales
Q46: A firm has purchased inventory and receives
Q47: The general ledger shows a balance of
Q48: If a firm uses the periodic inventory
Q50: FOB shipping point means that the:<br>A)seller normally
Q51: A firm uses the perpetual inventory method.Which
Q52: A purchase return of goods purchased on
Q53: Which of the following is the gross
Q54: Credit terms of 2/10,n/30 mean that the