At the Year-End Inventory Count, If Goods in Transit Are

question 104

Multiple Choice

At the year-end inventory count, if goods in transit are shipped FOB destination, they should be included in the inventory count of

• A)the seller.
• B)the buyer.
• C)the shipping company.
• D)neither the buyer nor the seller.

---

Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good producers are willing to supply.

Medical Care

The maintenance or improvement of health via the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in people.

Aging Population

A demographic trend characterized by an increase in the proportion of elderly individuals within the overall population, often leading to economic and social implications.

Medical Technology

The application of scientific knowledge and advances to improve healthcare practices, diagnostics, and treatment outcomes.