Understanding the freight terms FOB shipping point and FOB destination Required Determine which party, buyer or seller,
Question:
Required
Determine which party, buyer or seller, is responsible for freight charges in each of the following situations:
a. Sold merchandise, freight terms, FOB destination.
b. Sold merchandise, freight terms, FOB shipping point.
c. Purchased merchandise, freight terms, FOB destination.
d. Purchased merchandise, freight terms, FOB shipping point.
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Related Book For 
Survey Of Accounting
ISBN: 9780077503956
1st Edition
Authors: Thomas Edmonds, Philip Olds, Frances McNair, Bor-Yi Tsay
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