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    Financial Accounting Study Set 1
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    Exam 6: Merchandising Operations and the Multistep Income Statement
  5. Question
    FOB Shipping Point Means That Ownership of Goods Passes to the Buyer
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FOB Shipping Point Means That Ownership of Goods Passes to the Buyer

Question 86

Question 86

True/False

FOB shipping point means that ownership of goods passes to the buyer when the goods leave the seller's place of business.

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