Examlex
Which of the following statements is false?
Purchase Discounts
A reduction in the price paid for goods or services, often granted by the seller as an incentive for early payment.
Freight-In
Freight-in concerns the shipping costs of receiving goods to be sold or used in production, added to the cost of purchased inventory.
Sales Returns and Allowances
Concessions made by the seller, including refunds and reductions in the original selling price for returned goods or deficiencies.
Operating Expenses
Expenses incurred from a company's primary business activities, excluding cost of goods sold, such as rent, salaries, and utility bills.
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