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3. Which of the following is not considered in computing net cost of purchases? O A. Purchases returns and allowances . Purchases OC. Freight paid
3. Which of the following is not considered in computing net cost of purchases? O A. Purchases returns and allowances . Purchases OC. Freight paid on purchased goods D. Freight-out expenses 16. Which of the following accounts is most likely to appear on the balance sheet as a current liability? OA Mortgage Payable OB. Unearned Rent OC. Bonds Payable OD. Capital Lease
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