When Freight-In Is a Relatively Small Amount,most Companies Include the Cost

question 116

Multiple Choice

When freight-in is a relatively small amount,most companies include the cost in

• A)operating expenses.
• B)cost of goods sold.
• C)administrative expenses.
• D)merchandise inventory.

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Definitions:

Buyer

An individual or entity that purchases goods or services from a seller for compensation.

Forged Cashier's Check

A counterfeit document made to look like a legitimate cashier's check, used in fraudulent transactions.

Innocent Purchaser

An individual who buys property without knowledge of any existing claims, disputes, or defects associated with it.

Fraud

An intentional deception made for personal gain or to damage another individual.