If a purchaser using a perpetual system agrees to freight terms of fob shipping point, then the:

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a. merchandise inventory account will be increased.

b. merchandise inventory account will not be affected.

c. carrier will bear the freight cost.

d. seller will bear the freight cost.

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Survey of Accounting

ISBN: 978-0073379555

2nd edition

Authors: Edmonds, old, Mcnair, Tsay

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Posted Date: Mar 30, 2022 01:43 AM

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If a purchaser using a perpetual system agrees to freight terms of fob shipping point, then the:

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AnswerInventory account will be increased Seller will bear the freight cost Carrier will ... View the full answer

Survey of Accounting

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