If a Purchaser Using a Perpetual Inventory System Pays Freight

question 111

Multiple Choice

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

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

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Definitions:

Fifth Amendment

A part of the Bill of Rights that protects individuals from being compelled to be witnesses against themselves in criminal cases, guarantees due process of law, and provides protection against double jeopardy and eminent domain.

Fourteenth Amendment

An amendment to the U.S. Constitution granting citizenship to all persons born or naturalized in the United States and ensuring all citizens equal protection under the laws.

Grand Juries

A group of citizens convened to decide whether there is sufficient evidence to indict a suspect and proceed to trial.

Criminal Prosecutions

The process of charging someone with a crime and conducting a trial to determine guilt or innocence, typically led by a government prosecutor.