Slotkin Company Buys Designer Clothing to Sell in Its Retail

question 159

Multiple Choice

Slotkin Company buys designer clothing to sell in its retail stores.Since much of the merchandise comes from Dallas and Europe, Slotkin Company must pay freight charges to get the merchandise shipped in.Which statement is true?

• A)Transportation-in, paid by Slotkin Company, is added to the inventory account under the periodic system.
• B)Transportation-in, paid by Slotkin Company, is subtracted from purchases under the periodic system.
• C)Freight charges are only paid by a buyer in a periodic system.
• D)Transportation-in is added to net purchases to determine cost of goods purchased in a periodic system.

---

Definitions:

World-Renowned Dishes

Culinary creations famous or recognized globally for their unique flavor, preparation, or cultural significance.

Steaks

Thick cuts of meat, typically beef, that are among the most popular and valued pieces for cooking and consumption.

Channels

Mediums or pathways through which information or messages are communicated or distributed.