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Leonard Company paid freight costs to have goods shipped to one of its customers. What effect will the payment of these freight costs have
Leonard Company paid freight costs to have goods shipped to one of its customers. What effect will the payment of these freight costs have on the company's financial statements? Balance Sheet Income Statement Stockholders' Statement of Cash Assets Liabilities + Equity Revenue Expenses- Net Income Flows A. +/- NA NA NA NA NA -OA B. + NA NA C. NA D. NA NA NA NA + NA NA -OA -OA NA -IA Multiple Choice Option D Option C
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