Multiple Choice
ABC Company purchases inventory from XYZ Company with the shipping terms FOB shipping point. This means that:
A) XYZ Company owns the goods while they are in transit.
B) legal title passes to ABC Company when they receive the inventory.
C) XYZ Company will pay the freight on this transaction.
D) ABC Company will include the goods in their inventory as soon as they leave the shipping dock.
Correct Answer:
Verified
Correct Answer:
Verified
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