Multiple Choice
Who is responsible for the freight costs when the terms are FOB shipping point?
A) the ultimate customer
B) the buyer
C) the seller
D) either the seller or the buyer
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q108: Generally, the revenue account for a merchandising
Q109: Using the perpetual inventory system, journalize the
Q110: Journalize the entries to record the following
Q111: Sellers and buyers are required to record
Q112: Which of the following items would not
Q114: Journalize the following transactions for Evans Company.
Q115: A buyer who acquires merchandise under credit
Q116: On March 3, Bluebird Sales makes $4,350
Q117: On March 5, Blowout Sales makes $22,500
Q118: The form of income statement that derives