Match the correct pairs FOB destination and you are the buyer A. The buyer pays this amount FOB destination and you are the seller B. You pay and add to inventory costs FOB shipping point and you are the buyer C. The seller pays this FOB shipping point and you are the seller D. You pay and expense as delivery charge
Match the correct pairs FOB destination and you are the buyer A. The buyer pays this amount FOB destination and you are the seller B. You pay and add to inventory costs FOB shipping point and you are the buyer C. The seller pays this FOB shipping point and you are the seller D. You pay and expense as delivery charge
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter11: Accounting For Purchases And Cash Payments
Section: Chapter Questions
Problem 5TF: FOB shipping point means that transportation charges are paid by the seller.
Related questions
Question
Match the correct pairs
FOB destination and you are the buyer | A. The buyer pays this amount |
FOB destination and you are the seller | B. You pay and add to inventory costs |
FOB shipping point and you are the buyer | C. The seller pays this |
FOB shipping point and you are the seller | D. You pay and expense as delivery charge |
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