When inventory is shipped from the seller to the buyer with shipping terms of FOB destination: O A. title passes from the seller to the buyer when the goods leave the seller's shipping dock. O B. the seller has title to the goods while they are in transit. C. the buyer will pay the transportation costs associated with the purchase. D. the goods will be included in the inventory of the buyer white in transit.
When inventory is shipped from the seller to the buyer with shipping terms of FOB destination: O A. title passes from the seller to the buyer when the goods leave the seller's shipping dock. O B. the seller has title to the goods while they are in transit. C. the buyer will pay the transportation costs associated with the purchase. D. the goods will be included in the inventory of the buyer white in transit.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:When inventory is shipped from the seller to the buyer with shipping terms of FOB destination:
O A. title passes from the seller to the buyer when the goods leave the seller's shipping dock.
O B. the seller has title to the goods while they are in transit.
C. the buyer will pay the transportation costs associated with the purchase.
D. the goods will be included in the inventory of the buyer white in transit.
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