Which of the Following Would Be Included in Latimer Company's

question 45

Multiple Choice

Which of the following would be included in Latimer Company's sales in 2014?

• A) Goods shipped from a supplier in 2014 with terms of FOB shipping point. Latimer received the goods in 2014.
• B) Goods shipped to customers in 2014 with terms of FOB destination. The customer received the goods in 2015.
• C)Goods shipped to customers in 2013 with terms of FOB destination. The customer received the goods in 2014.
• D)Goods shipped to customers in 2013 with terms of FOB shipping point. The customer received the goods in 2014.

---

Definitions:

Basic Necessities

Fundamental needs required for sustaining human life, including food, water, shelter, and clothing.

Poverty

A state or condition in which a person or community lacks the financial resources and essentials for a minimum standard of living.

Solomon Asch

A psychologist known for his research on conformity, including the Asch conformity experiments.

Conformity

Changing one’s own behavior to match that of other people.