1. From the buyer's perspective, the use of and charges incurred for delivery services (such as Food Panda, Grab, Loncat-loncat) when buying food is closely associated with the term: A. FOB destination. B. C. COD destination. FOB shipping point. COD shipping point. D. 2. Purchase goods from a supplier with the term FOB shipping point. If the shipping costs are paid in advance by the seller, how would the buyer record this transaction: A. debit Cash, credit Accounts Receivable. B. debit Accounts Receivable, credit Sales. c. debit Accounts Receivable, credit Cash. D. debit Merchandise Inventory, credit Accounts Payable. 3. Multiple-step Income Statement: A. shows gross profit but not income from operations. B. shows both gross profit and income from operations. c. shows neither gross profit nor income from operations. D. shows income from operations but not gross profit. 4. A sales invoice included the following information: merchandise price, RM60,000; transportation, RM2,500; terms 2/10, n/45, FOB shipping point. A total merchandise returned due to several reasons was for RM3,000. The seller has agreed to prepay the transportation cost and will be included in the invoice. What is the total amount payable to the seller if it is paid within the discount period? A. RM55,860 B. RM58,310 c. RM58,360 D. RM61,250 ABCD