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

Accounting
27th Edition
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Chapter6: Accounting For Merchandising Businesses
Section: Chapter Questions
Problem 6.15EX: Purchase-related transactions Based on the data presented in Excrd.sc 6-14, journalize Ha I boa Co.s...
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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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