Use the following descriptions of freight arrangements to answer the required questions: Required: For each of the events described, indicate whether the freight terms are FOB destination or FOB shipping point. 1. Sold merchandise and paid the transportation costs. 2. Purchased merchandise and paid the transportation costs. 3. Sold merchandise and the buyer paid the transportation costs. 4. Purchased merchandise and the seller paid the transportation costs.

Use the following descriptions of freight arrangements to answer the required questions: Required: For each of the events described, indicate whether the freight terms are FOB destination or FOB shipping point