At the Year End Inventory Count, If Goods in Transit

question 158

Multiple Choice

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

• A) The seller
• B) The buyer
• C) Both the seller and the buyer
• D) Neither the seller no the buyer

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Definitions:

Electron

Negatively charged subatomic particle.

Covalent Bonds

Chemical bonds formed by the sharing of electron pairs between atoms, contributing to the stability of molecules.

Molecular Oxygen

A diatomic molecule \(\text{O}_2\) that is essential for respiration in aerobic organisms and acts as the final electron acceptor in cellular respiration.

Electrons

Subatomic particles with a negative charge that orbit the nucleus of an atom.