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4 dni temu · Alpha Company bought inventory from Omega Company, FOB shipping point. On December 31, the last day of the accounting year, the goods were on a truck owned by Theta, Inc., exactly half-way between Alpha and Omega. Which company should include these goods in its December 31 inventory?
4 dni temu · accounting mid term. Which statements below are correct regarding the purpose of taking a physical inventory count? Click the card to flip 👆. physical count used to determine if there is any theft, loss, or damage. The physical count is used to adjust the Inventory account balance to the actual inventory available. Click the card to flip 👆.
4 dni temu · FOB shipping point b. FOB destination c. FOB n/30 d. FOB seller. B. See an expert-written answer! ... The arrangements between buyer and seller as to when payments for merchandise are to be made are called a. credit terms b. net cash c. cash on demand d. gross cash. A. See an expert-written answer!
4 dni temu · FOB Shipping Point: Buyer: FOB Destination: Seller: Step 3. 3 of 3. a. The seller sold an inventory but the buyer bears the freight cost. It indicates that the freight cost is classified as FOB Shipping Point. On the buyer’s point of view, the freight cost is considered as inventoriable cost, since it was incurred upon the purchase. While on ...
3 dni temu · Key Takeaways. Free on board ( FOB) is a term used to indicate whether the seller or the buyer is liable for goods that may suffer damage during shipping. To avoid mistakes when entering into a FOB agreement, you must be aware that: FOB agreement must comply with Australian laws concerning the import of goods.
4 dni temu · An item was shipped from a supplier under FOB shipping point. The invoice in the amount of $2,000 included payment terms of 2/10, n/30. When the invoice was paid, a purchase discount in the amount of $40 was taken.
4 dni temu · South Carolina, US Mostly Asked From. If goods in transit are shipped FOB shipping point the seller has title to the goods until they are delivered. the transportation company has title to the goods while the goods are in transit. no one has title to the goods until they are delivered to the buyer. O who has title cannot be determined. the ...
