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7 Goods in transit from a supplier, F.O.B. destination No Adjusting Entries are needed. Not Inventory Inventory O None of the above. Question 8 Goods

7 Goods in transit from a supplier, F.O.B. destination No Adjusting Entries are needed. Not Inventory Inventory O None of the above. Question 8 Goods in transit to a customer, F.O.B. shipping point. Inventory no gain or loss. Equity O Not Inventory Question 9 Goods in transit to a customer, F.O.B. destination Inventory Equity Revenue O Not Inventory

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