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Question 1 (2 points) A company has two inventory shipments in-transit on June 30. Shipment A is a sale with terms FOB shipping point and

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Question 1 (2 points) A company has two inventory shipments "in-transit" on June 30. Shipment A is a sale with terms FOB shipping point and Shipment B is a purchase with terms FOB destination. Which of these two shipments would the company be able to recognize inventory on their books? Shipment A only Shipment B only Neither shipment Both shipments

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