Which of the Following Is TRUE About Freight In

question 48

Multiple Choice

Which of the following is TRUE about freight in?

• A) Freight in is added to the cost of merchandise inventory.
• B) Freight in is a selling expense.
• C) Freight in is an operating expense.
• D) Freight in is deducted from Accounts payable.

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Definitions:

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Two-way ANOVA

A statistical test used to determine the effect of two nominal predictor variables on a continuous outcome variable, allowing for interaction effects.

One-way ANOVA

A statistical test used to compare the means of three or more independent groups to see if there is a significant difference between them.