The FOB term is used with an identified physical location to determine a. None of the options b. The point at which title for the shipment passes from Seller to Buyer c. Both the responsibility and basis for payment of freight charges and the point at which title for the shipment passes from Seller to Buyer d. The responsibility and basis for payment of freight charges
The FOB term is used with an identified physical location to determine a. None of the options b. The point at which title for the shipment passes from Seller to Buyer c. Both the responsibility and basis for payment of freight charges and the point at which title for the shipment passes from Seller to Buyer d. The responsibility and basis for payment of freight charges
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The FOB term is used with an identified
physical location to determine_
a. None of the options
b. The point at which title for the
shipment passes from Seller to
Buyer
c. Both the responsibility and basis for
payment of freight charges and the
point at which title for the shipment
passes from Seller to Buyer
O d. The responsibility and basis for
payment of freight charges
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