Why are shipping terms such as FOB shipping point or FOB destination point important in deciding ownership

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Why are shipping terms such as FOB shipping point or FOB destination point important in deciding ownership of inventory at the end of the year?

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Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: Jan 12, 2012 02:57 AM

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Why are shipping terms such as FOB shipping point or FOB destination point important in deciding ownership

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For inventory in transit at the end of the year the terms of shipment dictate whether the buy...View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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