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I. Sales return will increase output tax, II. Payment of freight on merchandise purchase with freight term, F.O.B shipping point will decrease accounts payable. a.

image text in transcribed I. Sales return will increase output tax, II. Payment of freight on merchandise purchase with freight term, F.O.B shipping point will decrease accounts payable. a. First statement is true and second statement is true. b. First statement is true and second statement O is false. C. First statement is false and second statement is true. d. First statement is false and second statement is falseimage text in transcribed

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