Goods in Transit Should Be Included in the Inventory of The

question 3

Multiple Choice

Goods in transit should be included in the inventory of the:

• A) buyer when the terms are FOB destination.
• B) buyer when the terms are FOB shipping point.
• C) transportation company when the terms are FOB destination.
• D) seller when the terms are FOB shipping point.

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Definitions:

Latency

A period of time during which a process or condition exists or continues without manifesting significant signs or symptoms of its presence or any forthcoming changes.

Cognitive Development

The process by which an individual's ability to think, understand, and learn evolves over the course of their life.

Mental Disorders

Health conditions involving significant changes in emotion, thinking, or behavior, often associated with distress or problems functioning in social, work, or family activities.

Preschool Education

Educational programs and activities designed for young children, typically ages 3-5, to prepare them for school by developing basic skills and knowledge.