In the following situation, who owns the inventory while it is in transit? You sell inventory with shipping terms FOB shipping point. The cost of the inventory was $3,500.

Question 2 options:

1)	the seller

2)	neither the seller nor the buyer

3)

the buyer

4)	both the seller and the buyer

Question 3 (1 point)

In the following situation, who owns the inventory while it is in transit? You are the seller, shipping terms are FOB destination and the cost of inventory was $4,350.

Question 3 options:

1)	both the seller and the buyer

2)	the seller

3)

the buyer

4)	neither the seller nor the buyer

Question 4 (1 point)

In the following situation, who owns the inventory while it is in transit? You, the seller, sold inventory with shipping terms FOB shipping point. Inventory cost $3,680.

Question 4 options:

1)	both the seller and the buyer

2)

the buyer

3)	the seller

4)	neither the seller nor the buyer