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Which of the following statements is true regarding freight costs? The buyer dictates which party...

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Accounting

Which of the following statements is true regarding freight costs?

The buyer dictates which party will pay the freight costs.

Freight-in is reported by the buyer as an operating expense.

Freight costs incurred by the seller are considered part of the cost of the inventory.

Freight-out is reported by the seller as an operating expense.

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