Freight costs incurred by the seller on outgoing merchandise is shown on the Income Statement as part of

Question

Quizplus · Accepted Answer

Freight costs incurred by the seller on outgoing merchandise are considered part of the selling expenses, which are a subset of operating expenses on the income statement. These costs are directly related to the delivery of goods to customers and are not included in the cost of goods sold or sales revenue.

Freight Costs Incurred by the Seller on Outgoing Merchandise Is