Markham Company incurred $200 of freight costs on inventory sold and shipped to customers FOB destination. Which
Question:
A Gross margin decreased by $200.
B. Sales revenue decreased by $200.
C. Net income decreased by $200.
D. Both "a" and "c" are correct statements.
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C Net...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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