If a Purchaser Using a Perpetual System Agrees to Freight

question 182

Multiple Choice

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

• A) Merchandise Inventory account will be increased.
• B) Merchandise 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:

Projective Tests

Psychological assessments that use ambiguous stimuli to elicit responses revealing hidden emotions, desires, and internal conflicts.

Bias

A tendency to favor or prejudice against something or someone, often in a way considered to be unfair.

Cognitive Inventory

An assessment tool used to evaluate patterns of thinking and behavior that may contribute to mental health issues.

Social Skill

Involves the ability to communicate, interact, and form relationships with others effectively and appropriately.