Freight Out Is an Addition to the Merchandise Inventory Account

question 151

True/False

Freight out is an addition to the Merchandise Inventory account if the seller uses the perpetual inventory system.

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Definitions:

Labor Force

The total number of people employed and unemployed, who are actively looking for work in an economy.

Population Growth

The growth in a population's size over a certain time frame.

Income Distribution

The way in which total income is shared among individuals or households in an economy.

Capital Formation

The process of accumulating assets and resources for future productive use, such as building infrastructures, purchasing equipment, and saving or investing funds.