22 Costs of testing machinery or equipment before they are used would be included in the price of the machinery or the equipment. True False QUESTION 23 When a company repays the seller for shipping costs on an FOB shipping point transaction, which of the following is TRUE? A purchase discount can still be taken on the gross amount of the invoice A purchase discount can still be taken net of the prepaid shipping charges. A purchase discount cannot be taken when shipping charges are prepaid. The shipping costs do not affect the invoice value. QUESTION 24 Research and development costs (R&D) are generally listed as "current assets on the Balance Sheet listed as "long-term assets" on the Balance Sheet expensed and become part of the Income Statement listed as "other intangibles" on the Balance Sheet