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Which accounted freight on unsold merchandise subsequently

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Reference no: EM132716701

Problem 1: Accounted freight on unsold merchandise subsequently returned to the consignor by the consignee should be

a. expensed by the consignor the moment the merchandise are returned

b. in the total amount of inventory in the books of consignor since freight-in is inventorable

c. none of the choices

d. disclosed in the notes to financial statements in the books of the consignee

Reference no: EM132716701

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