Examlex
Which of the following statements is NOT true regarding angel investors?
Freight In
Freight in is the cost associated with transporting goods into a business from suppliers, and is often included in the inventory cost.
Merchandise Inventory
Refers to the products a company has in stock that are available for sale to customers.
Accounts Payable
Liabilities of a company representing amounts owed to creditors for goods and services that were purchased on credit.
Store Equipment
Fixed assets or long-term assets purchased for the operation of a store, such as shelves, register systems, and furniture, which are used in the business over several years.
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