How does the buyer of merchandise account for freight-cost

Assignment Help Accounting Basics

Reference no: EM133371115

Questions:

1. How does the buyer of merchandise account for freight-cost if the shipping terms are FOB-Shipping point?

2. How does the seller of merchandise account for freight-cost if the shipping terms are FOB-Destination?

3. How do you calculate Income from Operations?

4. What is Other Income and Other Expenses?

Reference no: EM133371115

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