Clothes' R Us bought some new clothes for its fashion line and is required to pay the freight costs.The freight terms are:
A) F) O.B.destination.
B) F) O.B.shipping point.
C) 3/10,n/30.
D) None of these are correct.
Correct Answer:
Verified
Q7: F.O.B. shipping point means:
A) the buyer pays
Q10: A cost account is treated the same
Q11: If a display rack was purchased for
Q12: Purchase Discounts are taken on:
A)shipping expense.
B)Purchases Returns
Q13: Purchases is a(n):
A)cost.
B)asset.
C)liability.
D)revenue.
Q16: When merchandise is bought for resale,which of
Q17: Jackie's Online Service on April 30
Q24: The entry to record a purchase of
Q24: Before paying an invoice, the accounting department
Q58: The term F.O.B. means
A) free on board.
B)
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