If a Purchaser Using a Perpetual Inventory System Pays Freight

question 72

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:

Significance

The quality of being worthy of attention; importance, or the degree to which something is related or useful to what is happening or being talked about.

Fear Of Failure

A psychological concern involving the apprehension or anxiety about failing to achieve a goal or meet expectations.

Design Thinking

A creative problem-solving approach that focuses on understanding user needs and challenges to develop innovative solutions.

Organizations

Groups or institutions with a common interest or activity, structured systematically to achieve specific goals.