If a Purchaser Using a Perpetual System Agrees to Freight

question 184

Multiple Choice

If a purchaser using a perpetual system agrees to freight terms of FOB shipping point then the

• A) Inventory account will be increased.
• B) Inventory account will not be affected.
• C) seller will bear the freight cost.
• D) carrier will bear the freight cost.

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Definitions:

Adaptive

The ability of an organism to adjust and change in response to environmental factors, ensuring survival and reproduction.

Context

The circumstances, background, or environment in which an event occurs or a concept exists, crucial for understanding its significance and implications.

Basic Biological Need

Fundamental requirements essential for the survival and physical well-being of a living organism, such as food, water, and shelter.

Innately Social

A term describing organisms, especially humans, that are predisposed to live in communities and form social bonds.