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:

Dimensional Approach

A method of categorization based on the continuum of behaviors or characteristics, as opposed to distinct categories.

Diagnosis

The determination of the nature and cause of a health issue, often leading to a specific plan of treatment.

Categorical

Relating to or based on categories, often involving a clear distinction and belonging to a specific group without overlap.

Epidemiological

Pertaining to epidemiology, the study and analysis of the distribution, patterns, and determinants of health and disease conditions in defined populations.