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  2. Topic
    Business
  3. Study Set
    Intermediate Accounting Reporting and Analysis
  4. Exam
    Exam 7: Inventories: Cost Measurement and Flow Assumptions
  5. Question
    When Shipping FOB Shipping Point the Seller Still Retains Economic
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When Shipping FOB Shipping Point the Seller Still Retains Economic

Question 39

Question 39

True/False

When shipping FOB shipping point the seller still retains economic control until the goods are received by the buyer, therefore they should not be recorded into inventory by the buyer until receipt.

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