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  3. Study Set
    Intermediate Accounting Reporting and Analysis Study Set 1
  4. Exam
    Exam 7: Inventories: Cost Measurement and Flow Assumptions
  5. Question
    When Goods Are Shipped FOB Shipping Point, the Buyer Has
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When Goods Are Shipped FOB Shipping Point, the Buyer Has

Question 44

Question 44

True/False

When goods are shipped FOB shipping point, the buyer has economic control of the inventory and must record the goods in its inventory accounts as soon as the goods are shipped.

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