If title to merchandise purchases passes to the buyer when the goods are shipped from the seller, the terms are Answers: a. consigned b, n/30 FOB destination C. d. FOB shipping point

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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stion 2
If title to merchandise purchases passes to the buyer when the goods are shipped from the seller, the terms are
Answers:
consigned
a.
b. n/30
FOB destination
C.
d. FOB shipping point
Transcribed Image Text:stion 2 If title to merchandise purchases passes to the buyer when the goods are shipped from the seller, the terms are Answers: consigned a. b. n/30 FOB destination C. d. FOB shipping point
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