Question
In the following situation, who owns the inventory while it is in transit? Inventory worth $1,200 shipped from your supplier, shipping terms FOB destination.
In the following situation, who owns the inventory while it is in transit? Inventory worth $1,200 shipped from your supplier, shipping terms FOB destination. 1) neither the seller nor the buyer 2) the seller 3) both the seller and the buyer 4) the buyer
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
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