The freight paid on goods purchased F.O.B. shipping point was debited to the Pur

User Generated

Qnja46550

Business Finance

Description

The freight paid on goods purchased F.O.B. shipping point was debited to the Purchases account. This error would cause __________. Continued

C. the period’s net income to be understated

D. none of the above

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Explanation & Answer

B. the period’s end expenses to be overstated



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