Introduction to Accounting

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

The freight paid on goods purchased F.O.B. Shipping Point was not recorded.  This error will cause.

a. net income to be overstated

b. net income to be understated

c. net income to not be affected

d. total liabilities to be overstated

Mar 5th, 2015

a. net income to be overstated

Mar 5th, 2015

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