Courses / ACCOUNTING PRINCIPLES I Section1 Lecture (20201_020111011_AAUP - JENIN) / Time le Which of the following is true concerning Freight-in? a. Freight-in is added to net purchases in determining cost of goods purchased b. Freight-in is an administrative expense O c. Freight-in is a selling expense d. Freight-in is subtracted from net purchases in determining cost of goods purchased Next P / ACCOUNTING PRINCIPLES I Section1 Lecture (20201_020111011_AAUP - JENIN) / Fina Time left 1:5 If goods have been shipped under FOB destination, which of the following is true? O a. The seller must pay the shipping costs O b. The seller and the buyer will each pay 50% of the shipping cost. O c. Title to the goods will transfer as soon as the goods are shipped. O d. FOB indicates that a price reduction has been applied to the order. ge Next page Jump to e 1. EN