FOB destination is a term used to indicate the following: a. Ownership of goods transfers to the

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FOB destination is a term used to indicate the following:

a. Ownership of goods transfers to the buyer when goods reach the buyer’s place of business.

b. Ownership of goods transfers to the buyer when goods leave the shipping dock of the seller and goods are in transit.

c. Freight charges are paid for by the buyer.

d. The buyer bears the risk of damage or loss of goods in transit.

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Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Question Posted: Dec 12, 2019 01:45 PM

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FOB destination is a term used to indicate the following: a. Ownership of goods transfers to the

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Fundamental Accounting Principles Volume I

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