In determining cost of goods sold: a. purchases discounts are deducted from net purchases. b. freight-out is

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In determining cost of goods sold:

a. purchases discounts are deducted from net purchases.

b. freight-out is added to net purchases.

c. purchase returns and allowances are deducted from net purchases.

d. freight-in is added to net purchases

(SO 3)

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 13, 2024 02:09 AM

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In determining cost of goods sold: a. purchases discounts are deducted from net purchases. b. freight-out is

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Financial Accounting

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