Hi if you can help me why the answer was wrong and why the answer that is right is right . thank you so much
pays the freight costs If Truman Inc, sells inventory to Chelsea Company and ships it FOB Destination and owns the inventory during the shipping process. Selected Answer: Answers a. Truman, Inc., Chelsea Company a. Truman, Inc.; Chelsea Company b. Chelsea Company, Chelsea Company c. Chelsea Company: Truman, Inc. d. Truman, Inc; Truman, Inc. On March 2, a company using the perpetual inventory system purchased inventory worth $25.000 on account with terms of 2/10,n/30. If the invoice is paid on March 12, the total amount of cash paid would be and the total amount of the discount would be a Selected Answer Answers a $25,000: SO a $25,000. SO b. $25,000; 50 c. $24,500; S500 d. $500 $24,500 O out of 2.5 points If goods in transit are shipped FOB Shipping Point: Selected Answer Answers a. The seller has legal title to the goods until they are delivered to the buyer. a. The seller has legal title to the goods until they are delivered to the buyer. b. The transportation has legal title to the goods. c. The buyer has legal title to goods as soon as they are shipped d. No one has legal title to the goods until they are delivered O'Dea, Inc. has the following inventory data: July 1 Beginning Inventory July 7 Purchases July 22 Purchases 20 units at $19 70 units at $20 10 units at $22 100 $380 $1,400 $220 $2,000 A physical count of merchandise inventory on July 31 revealed that there are 32 units on hand. Using the LIFO inventory method, what is ending inventory for July? Selected Answer d. $640 a. S620 Answers b. 5660 c. $704 d. $640 Heller Company is in the process of closing its books for the year ended December 31, 2020. During 2020, it declared $250,000 in dividends to its shareholders. Which of the following closing entries will be prepared to close the dividend account? Selected Answer: Dividends Payable Retained Earnings $250,000 $250,000 d Answers $250,000 Retained Earnings Dividends $250,000 a $250,000 Retained Earnings Dividends Payable $250,000 b $250,000 Dividends Retained Earnings $250,000 C Dividends Payable Retained Earnings $250,000 $250,000 d