Multiple Choice
Alpha Company bought inventory from Omega Company,FOB shipping point.On December 31,the last day of the accounting year,the goods were on a truck owned by Theta,Inc. ,exactly halfway between Alpha and Omega.Which company should include these goods in its December 31 inventory?
A) Omega
B) Alpha
C) Theta
D) Alpha and Omega should each include half of the goods in inventory.
Correct Answer:
Verified
Correct Answer:
Verified
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