Under a Periodic System, the Payment of Shipping Costs on Goods

question 33

Multiple Choice

Under a periodic system, the payment of shipping costs on goods received from the vendor will increase the:

• A) merchandise inventory account.
• B) cost of goods sold account.
• C) transportation-out account.
• D) transportation-in account.

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Definitions:

True-Length Line

A line in a drawing that accurately represents the actual size and length of an object in the specified view.

Hard Line

Strong, distinct lines used in drawing to represent solid edges, boundaries, or significant features of an object.

Break Line

A line used in drafting and design to interrupt and thereby shorten parts of drawings, indicating that the part continues beyond what is shown.

Distorted Details

Representations on a drawing where dimensions are altered to highlight specific features.