On the Income Statement,freight-In Is Treated as an Operating Expense

question 33

True/False

On the income statement,freight-in is treated as an operating expense.

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Definitions:

Contract

A legally binding agreement between two or more parties, outlining obligations and rights concerning products, services, or other matters.

Material Alteration

A significant change to a document that affects the rights and obligations of the parties involved.

Cisg

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that establishes a uniform framework for international commerce.

Merchant

An individual or company engaged in the buying and selling of goods, especially on a large scale or with international trade.