If the Shipping Terms Are FOB Shipping Point and the Freight

question 113

Multiple Choice

If the shipping terms are FOB shipping point and the freight bill is $200, the purchaser, using a periodic inventory system would record payment of the freight with a debit to:

• A)Inventory and credit to Cash for $200.
• B)Freight In and a credit to Cash for $200.
• C)Inventory and credit to Purchases Discounts for $200.
• D)Purchases Discounts and credit to Inventory for $200.

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Definitions:

Sexual Values

Beliefs and principles about sexuality and sexual behavior that are held by an individual or a society.

Parent-adolescent Relationships

The evolving and occasionally challenging interactions between parents and their adolescent children, marked by negotiation of independence and guidance.

Detachment

An emotional state or process in which an individual withdraws from people, objects, or situations, often as a defense mechanism or coping strategy.

Child Rearing

The process of supporting and promoting the emotional, physical, social, and intellectual development of a child from infancy to adulthood.