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SEA Corporation, a consignee, paid the freight costs for goods shipped from OCEAN Inc., a consignor. These freight costs are to be deducted from SEA's
SEA Corporation, a consignee, paid the freight costs for goods shipped from OCEAN Inc., a consignor. These freight costs are to be deducted from SEA's payment to OCEAN when the consigned goods are sold. Until SEA sells goods, the freight costs should be included in SEA's
a.
Cost of goods sold
b.
Selling expenses
c.
Freight-in
d.
Accounts receivable
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