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Home Q & A Board Other Fields Homework Help Business Accounting
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upton upton
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6 years ago
The freight paid on goods purchased F.O.B. shipping point was debited to the Purchases account. The company uses the periodic method. This error would cause:
A) the period's net income to be understated.
B) the period end expenses to be overstated.
C) the period end expenses to be understated.
D) None of these is correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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keytwokeytwo
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6 years ago
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