If a Purchaser Using a Perpetual Inventory System Pays Freight

question 92

Multiple Choice

If a purchaser using a perpetual inventory system pays freight costs, then the

• A)Merchandise Inventory account is increased.
• B)Merchandise Inventory account is not affected.
• C)Freight Out account is increased.
• D)Freight In account is increased.

---

Definitions:

Privacy Tort

A legal wrong involving the invasion of one's privacy that can lead to civil litigation.

Libel Per Se

Libel per se is a false and defamatory written statement that damages someone's reputation without the need for plaintiffs to prove actual harm.

Defamation

A false statement presented as fact that causes injury or damage to the reputation of the person or entity it is made about.

Loss of Income

the reduction or complete cessation of income resulting from employment termination, disability, or other factors preventing an individual from working.