Question: What is freight out and how is it recorded by the seller?

What is freight out and how is it recorded by the seller?

Step by Step Solution

★★★★★

3.35 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Freight out expense is one in which the seller pays f... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

389-B-A-M-B (2177).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

What is negative goodwill, and how is it recorded on the SFP?

Q:

What is treasury stock, and how is it recorded and reported?

Q:

What is a sales discount and how is it recorded in a perpetual inventory system?

Q:

chandiser, and what is the name of the merchandise that it sells merchandisers? How do they differ? is Cost of Goods Sold (COGS), and where is it reported: me the two types of inventory accounting...

Q:

Do 4-6, 9, 14, and 15 TUNTUU > Review Questions 1. What is a merchandiser and what is the name of the merchandise e merchandise that it sells? 2. What are the two types of merchandisers? How do they...

Q:

What is freight out and how is it recorded by the seller?

Q:

What is freight out and how is it recorded by the seller?

Q:

Accounting Activity... Hi Tutors. Please answer this accounting activity. I'm really having a hard time with it. It's SO confusing and I just can't..... I will leave a google drive in the comment...

Q:

True-Pake F 1. FOB shipping point means the seller incurs the shipping costs. A company is more likely to know the amount of inventory on hand at any time if it uses 2. the perpetual system than if...

Q:

help Bb Week 5 - ACCT_2301_2A1_S X CengageNOWv2 | Online te x G Barans Company purchased X Cengage Learning x Calcular porcentaje X Homework Help - Q&A from X + V X...

Q:

GM announced that it will close its Oshawa truck plant in 2009 and a Windsor transmission plant in 2010. Ford also plans a 10 percent cut in white-collar, salaried positions. In total, over 4000...

Q:

Left-tailed test, = 0.03 Find the critical value(s) and rejection region(s) for the type of z-test with level of significance . Include a graph with your answer.

Q:

Given the following information, what would be the assumed value of an extra bathroom in this location. Assume that for the selected properties the age and construction quality are close enough to be...

Q:

E12-16 Allocating profits and losses to the partners Nan Ferdinand and Misti Morris have formed a partnership. During their first year of operations, the partnership earned $50,000. Their...

Q:

White Corporation purchased equipment for $22,000. White recorded total depreciation of $19,000 on the equipment. On January 1, 2018, White traded in the equipment for new equipment, paying $23,200...

Q:

Lawson Furniture purchased land, paying $65,000 cash and signing a $250,000 note payable. In addition, Lawson paid delinquent property tax of $5,000, title insurance costing $4,000, and $9,000 to...

Q:

Maplewood Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as follows: Lot ________________________ Appraised Value 1...

Q:

Bond Value as Maturity Approaches An investor has two bonds in his portfolio. Each bond matures in 4 years, has a face value of $1,000, and has a yield to maturity equal to 8.1%. One bond, Bond C,...

Q:

stats and probability - bayesian estimator extra notes for reference attached after question. Problem: Binomial and beta Let X be binomial distribution with parameters m (given) and 6 (unknown),...

Q:

(1) Consider a one-period model in which the price of the asset either goes up by 20% or down by 10%. 1 invested in the risk-free bond yields 1.10 at the end of the period. If the initial price of...