Question
Consider the following 4 sales/purchases of merchandise inventory and assume the goods were sold/purchased with the following terms: i FOB Shipping Point (freight prepaid) ii
Consider the following 4 sales/purchases of merchandise inventory and assume the goods were sold/purchased with the following terms:
| i | FOB Shipping Point (freight prepaid) | ||
| ii | FOB Destination (freight prepaid) | ||
| iii | FOB Shipping Point (freight collect) | ||
| iv | FOB Destination (freight collect) | ||
Consider the above 4 transactions from the buyer's perspective, in which transactions would freight be capitalized?
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Modern Internal Auditing Appraising Operations And Controls
Authors: Victor Z. Brink, Herbert N. Witt
4th Edition
0471080977, 978-0471080978
