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9. Freight costs incurred by the seller are recorded in the a) Sales account c) Transportation In account b) Cost of merchandise sold account d)

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9. Freight costs incurred by the seller are recorded in the a) Sales account c) Transportation In account b) Cost of merchandise sold account d) Transportation Out account 10.Which of the following would be classified in an income statement as Other Income or Other Expense? a) Advertising Expense c) Transportation Out b) Interest Expense d) Cost of merchandise sold

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