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Giant-Mart Purchased a Large Shipment of Shoes from Right Balance,Inc

Question 217

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Giant-Mart purchased a large shipment of shoes from Right Balance,Inc.on credit near the end of its accounting period.Right Balance shipped the shoes in January,and Giant-Mart received the shoes in February.Assume that Giant-Mart's accounting period ends on January 31,while Right Balance's accounting period ends on May 31.

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If the shoes are shipped FOB destination point,who will pay the freight costs? If the shoes are shipped FOB shipping point,who will pay the freight costs?

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If the shoes are shipped FOB d...

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