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5 Any goods in transit which are shipped FOB shipping point should be included Select one: a. in no one’s inventory until they arrive at their destination. b. in the inventory of the shipping company. c. in the inventory of the seller. d. in the inventory of the buyer.

5 Any goods in transit which are shipped FOB shipping point should be included Select one: a. in no one’s inventory until they arrive at their destination. b. in the inventory of the shipping company. c. in the inventory of the seller. d. in the inventory of the buyer.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 19MC: Which of the following is not a characteristic of FOB Shipping Point? A. The buyer pays for...
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Any goods in transit which are shipped FOB shipping point should be included

Select one:
a. in no one’s inventory until they arrive at their destination.
b. in the inventory of the shipping company.
c. in the inventory of the seller.
d. in the inventory of the buyer.
 
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