Multiple Choice
Goods shipped FOB (free on board) shipping point should be _______.
A) included in inventory by both the buyer and seller upon shipment
B) included in the inventory and accounts payable of the selling entity upon shipment
C) included in the inventory and accounts payable of the purchasing entity upon shipment
D) excluded by both the buyer and seller upon shipment
Correct Answer:
Verified
Correct Answer:
Verified
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