Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Fast2F Fast2F
wrote...
Go to Answer
Posts: 1470
Rep: 1 0
6 years ago
The freight paid on goods purchased F.O.B. shipping point was debited to the Freight Expense account. The goods are not sold at period end. The company uses the perpetual inventory method. This error would cause:
A) the period's net income to be overstated.
B) the period end liabilities to be understated.
C) the period end assets to be understated.
D) None of these is correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
Read 89 times
2 Replies
Replies
Answer verified by a subject expert
OmpaOmpa
wrote...
#1
Top Poster
Posts: 772
Rep: 18 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Fast2F Author
wrote...
#2
6 years ago
I’m very happy now Smiling Face with Open Mouth Thank you for the answe
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1718 People Browsing
 127 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 203
  
 266
  
 315
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4
Previous poll results: Which 'study break' activity do you find most distracting?