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    Fundamental Accounting Principles Study Set 1
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    Exam 5: Accounting for Merchandising Operations
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    If Goods Are Shipped FOB Destination, the Seller Does Not
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If Goods Are Shipped FOB Destination, the Seller Does Not

Question 106

Question 106

True/False

If goods are shipped FOB destination, 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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