Choose the ONE best answer for each question. MCQ All the following statements are true except: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. Ownership of goods passes from the seller to the buyer after the buyer has paid for the goods. b The cost of goods purchased for resale should include all amounts that are the responsibility of the purchaser for freight and handling charges to get the goods to the purchaser's intended location. A manufacturing company uses three different inventory accounts to track their product costs. d An error that understates the ending inventory will cause assets to be understated