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    Financial Accounting Tools Study Set 4
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    Exam 6: Reporting and Analyzing Inventory
  5. Question
    If the Ownership of Merchandise Passes to the Buyer When
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If the Ownership of Merchandise Passes to the Buyer When

Question 60

Question 60

True/False

If the ownership of merchandise passes to the buyer when the seller ships the merchandise, the terms are stated as FOB destination.

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