10. Identify the true statement. a. Marketing expense is a product cost. b. Sales allowances increase net income. C. A purchase discount decreases the book value of inventory under the perpetual inventory method. d. FOB shipping point designates the seller as the party responsible for freight costs.

10. Identify the true statement. a. Marketing expense is a product cost. b. Sales allowances increase net income. c. A purchase discount decreases the book value of inventory under the perpetual inventory method. d. FOB shipping point designates the seller as the party responsible for freight costs