Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 11, 2024

At the year - end inventory count, if goods in transit are shipped FOB shipping point, they should be included in the inventory count of:

At the year

-

end inventory count, if goods in transit are shipped FOB shipping point, they should be included in the inventory count of:

both the seller and the buyer.

the seller.

the shipping company.

the buyer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

E Commerce Operational Aspects Accounting Auditing And Taxation Issues

Authors: Lata Sharma

1st Edition

8177084097, 978-8177084092

More Books

Students also viewed these Accounting questions

Question

★★★★★

A fishnet is made of 1-mm-diameter strings knotted into 2 2 cm squares. Estimate the horsepower required to tow 300 ft2 of this netting at 3 kn in seawater at 20C. The net plane is normal to the...

Answered: 1 week ago

Question

★★★★★

Use matrix inverse methods to solve the system: 3x1 - x2 + x3 = 1 = -X1 + X2 = 3 X1 + x3 = 2

Answered: 1 week ago

Question

★★★★★

64. Suppose that X, the fraction of a container that is lled, has pdf f (x; u) uxu1 for 0 x 1 (where u 0), and let X1, . . . , Xn be a random sample from this distribution. a. Show that the most...

Answered: 1 week ago

Question

★★★★★

Salvador Corporation made an investment in Letter.com, Inc., in exchange for 100,000 options to purchase Letter.coms stock at $20 per share. Since the stock options are not marketable, Salvadors...

Answered: 1 week ago

Question

★★★★★

At the year - end inventory count, if goods in transit are shipped FOB shipping point, they should be included in the inventory count of: both the seller and the buyer. the seller. the shipping...

Answered: 1 week ago

Question

★★★★★

Help Journaling these transactions Closing Entries 36. Close the revenue accounts. 37. Close the expense accounts. 38. Close the income summary account. 39. Close the dividends account. :1 9 Type...

Answered: 1 week ago

Question

★★★★★

1. The height of the transmitting antenna is 191meters and the receiving antenna is 8 meters. determine the required height increase for the receiving antenna if a 10% increase in radio horizon were...

Answered: 1 week ago

Question

★★★★★

True or false workers compensation patient co-payMents And deductibles are set high enough to discourage abuse and unnecessary medical cost

Answered: 1 week ago

Question

★★★★★

Question 1: A company manufacturing a product exclusively for the customers in its home country should not invest in global operations to source raw materials and components for its product....

Answered: 1 week ago

Question

★★★★★

Fletcher Fabrication, Inc., produces three products by a joint production process. Raw materials are put into production in Department X, and at the end of processing in this department, three...

Answered: 1 week ago

Question

★★★★★

Brenda apologized to Kordell for an e - mail that upset him. She said she had chosen an inconsiderate way of stating her idea, and that she d be happy to discuss it further. Brenda is Multiple...

Answered: 1 week ago

Question

★★★★★

2. You have to evaluate an employee who has been late frequently. A. We have guidelines around here, you know. B. I need you to try harder to be on time. C. I want you to be here at 8:55 each morning.

Answered: 1 week ago

Question

★★★★★

What kinds of slang or jargon do you regularly use? How did you become familiar with these terms? And how would you go about explaining these terms to someone who is unfamiliar with them?

Answered: 1 week ago

Question

★★★★★

B What kinds of technical words and phrases have become part of your everyday language? Have you ever Googled anyone? Would you think it odd if you had to explain the meaning of the verb Google to...

Answered: 1 week ago

Previous Question Next Question