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    Auditing Assurance Services
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    Exam 15: Audit of transaction cycles and financial statement balances I
  5. Question
    When Inventory Is Shipped on an FOB Origin Basis, Title
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When Inventory Is Shipped on an FOB Origin Basis, Title

Question 55

Question 55

True/False

When inventory is shipped on an FOB origin basis, title passes to the buyer when it is received by the buyer.

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