Introduction to Accounting

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

the freight paid on goods purchased FOB shipping point was debited to the Freight Expense.  This error will cause

a.  period-end assets to be understated

b. period end liabilities to be understated

c.  period's net income to be overstated.

d. none above

Mar 7th, 2015
the freight paid on goods purchased FOB shipping point was debited to the Freight Expense.  This error will cause
d. none above


Mar 7th, 2015

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
Mar 7th, 2015
...
Mar 7th, 2015
Jun 23rd, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer