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  3. Study Set
    Fundamental Accounting Principles Study Set 1
  4. Exam
    Exam 5: Accounting for Merchandising Operations
  5. Question
    If Goods Are Shipped FOB Shipping Point, the Seller Does
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If Goods Are Shipped FOB Shipping Point, the Seller Does

Question 52

Question 52

True/False

If goods are shipped FOB shipping point, the seller does not record revenue from the sale until the goods arrive at their destination because the transaction is not complete until that point.

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