F.O.B. shipping point means: A) the buyer pays for the freight. B) the seller pays for the freight C) the title passes at time of shipment. D) Both the buyer pays for the freight and the title passes at time of shipment are correct. Question 8 (1 point) Office Supplies (not used for resale) bought on account were returned for credit and recorded with a debit to Accounts Payable and a credit to Merchandise Inventory This error will cause A) net income to be overstated. B) total assets to be understated. OC) no effect on net income or total assets. OD) net income to be understated