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Which of the following describes shipping terms of FOB shipping point? The purchaser is responsible for the shipping charges. At the end of the year,
Which of the following describes shipping terms of FOB shipping point?
The purchaser is responsible for the shipping charges.
At the end of the year, any items in transit should be included as part of the seller's inventory.
The seller must absorb the cost of shipping the items.
The shipping charges are debited to Delivery Expense by the buyer.
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
7th Edition
978-0136111474, 0136111475
