Which of the Following Statements Is True Under the Periodic

question 33

Multiple Choice

Which of the following statements is true under the periodic inventory method?

• A) Freight-In is subtracted from purchases in order to derive net purchases
• B) Freight-In is added to purchases in order to derive net purchases
• C) Freight-In is used only with the perpetual inventory method, not with the periodic inventory method
• D) Freight-In is neither subtracted nor added to purchases in order to derive net purchases

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Definitions:

Sincere

The quality of being genuine, honest, and free from pretense or deceit in one's actions and words.

Interpersonal Communications

Interpersonal communications involve the exchange of information, feelings, and meanings between two or more people through verbal and/or non-verbal methods.

Openness

indicates a willingness to receive new ideas and experiences, often linked to creativity and adaptability.

Feedback

The process of giving, receiving, and utilizing information or opinions about performances, products, or services to improve or adjust them.