Question: If a company using a perpetual inventory system buys inventory with shipping terms FOB shipping point, then the: Select one: a . merchandise inventory account
If a company using a perpetual inventory system buys inventory with shipping terms FOB shipping point, then the:
Select one:
a merchandise inventory account will not be affected.
b merchandise inventory account will be increased when the freight bill is paid.
c trucking company carrier will pay the freight cost.
d seller will pay the freight cost.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
