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    Financial Accounting Study Set 2
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    Exam 7: Inventory and the Cost of Sales
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    If Goods Shipped FOB Destination Are in Transit at the End
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If Goods Shipped FOB Destination Are in Transit at the End

Question 47

Question 47

Multiple Choice

If goods shipped FOB destination are in transit at the end of the year, they should be included in the inventory balance of the


A) Seller
B) Common carrier
C) Buyer
D) Bank

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