The Account Used to Record Transportation Costs of Goods Purchased

question 59

Multiple Choice

The account used to record transportation costs of goods purchased for resale is

• A) Freight Out.
• B) Freight In.
• C) Freight for Cash.
• D) Transportation Out.
• E) Transportation Expense.

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Definitions:

F Table

A table used in statistics to find critical values of the F distribution, helpful in hypothesis testing such as ANOVA.

Probabilities

A numerical representation, between 0 and 1, of the probability that an event will take place.

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution.

Standard Normal Distribution

The standard normal distribution is a special case of the normal distribution that has a mean of zero and a standard deviation of one.