Goods in Transit Should Be Included in the Inventory of the Buyer

question 175

Multiple Choice

Goods in transit should be included in the inventory of the buyer when the

• A) public carrier accepts the goods from the seller.
• B) goods reach the buyer.
• C) terms of sale are FOB destination.
• D) terms of sale are FOB shipping point.

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Definitions:

Endosteum

A membrane that lines the medullary cavity and the holes of spongy bone.

Occipital Bone

A cranial bone located at the back and lower part of the skull, playing a key role in protecting the brain and supporting the head.

Bone Type

Refers to the various categories of bones in the human body, such as long, short, flat, and irregular bones.

Cervical Vertebrae

The seven vertebrae in the neck part of the spine, designated C1 through C7, supporting the skull and enabling various head movements.