Question
ABC Pipe Supply ordered inventory from a PVC pipe manufacturer. The terms of freight on the order acknowledgement specify that ABC Pipe Supply must take
ABC Pipe Supply ordered inventory from a PVC pipe manufacturer. The terms of freight on the order acknowledgement specify that ABC Pipe Supply must take ownership of the order and pay the shipping costs when the order is loaded on the truck at the manufacturer's docks.
Which FOB terms will be stated on the order acknowledgement?
- FOB 2% 10, Net 30
- FOB In Transit
- FOB Destination
- FOB Shipping Point
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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
978-1118938782, 111893878X, 978-1118985311, 1118985311, 978-1118562185, 1118562186, 978-1118147290
