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  3. Study Set
    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 7: Inventories: Cost Measurement and Flow Assumptions
  5. Question
    Goods in Transit Shipped FOB Shipping Point Should Be Included
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Goods in Transit Shipped FOB Shipping Point Should Be Included

Question 90

Question 90

Multiple Choice

Goods in transit shipped FOB shipping point should be included in the inventory of the


A) buyer
B) seller
C) shipping company
D) none of these

Correct Answer:

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