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In determining cost of goods sold in a periodic system: a. Purchase returns and allowances are deducted from net purchases. b. Purchase discounts are deducted
In determining cost of goods sold in a periodic system: a. Purchase returns and allowances are deducted from net purchases. b. Purchase discounts are deducted from net purchases. c. Freight-out is added to net purchases. d. Freight-in is added to net purchases.
In determining cost of goods sold in a periodic system:
a.
Purchase returns and allowances are deducted from net purchases.
b.
Purchase discounts are deducted from net purchases.
c.
Freight-out is added to net purchases.
d.
Freight-in is added to net purchases.
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International Business
Authors: Ricky W. Griffin, Michael W. Pustay
9th Edition
013489877X, 978-0134898773
