The term FOB shipping point means that the ownership of the goods is vested on the buyer upon receipt of the goods thereof.
The term FOB shipping point means that the ownership of the goods is vested on the buyer upon receipt of the goods thereof.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter13: Accounting For Merchandise Inventory
Section: Chapter Questions
Problem 2MC
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The term FOB shipping point means that the ownership of the goods is vested on the buyer upon receipt of the goods thereof.
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